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June 7, 2020
Question

How do i enter taxable amount of social security?

  • June 7, 2020
  • 1 reply
  • 0 views
where in turbo tax do i put taxable amount of social security benefits

1 reply

VolvoGirl
Employee
June 7, 2020

You enter the amount in box 5 of the SSA-1099 and Turbo Tax calculates the taxable amount.  It is too tricky to figure out yourself.

 

Enter a SSA-1099, SSA-1099-SM or RRB-1099  under

Federal Taxes on the left side or top

Wages and Income

Then scroll down to Retirement Plans and Social Security

Social Security (SSA-1099. RRB-1099) - click the Start or Revisit  button

 

Up to 85% of Social Security becomes taxable when all your other income plus 1/2 your social security, reaches:

Married Filing Jointly: $32,000

Single or head of household: $25,000

Married Filing Separately: 0