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January 18, 2025
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Should the amount of Social Security distribution entered in wages and income (40,326.40) be reduced in the federal review section (34,277)

  • January 18, 2025
  • 1 reply
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Explain difference the distribution amount in the wages and income section and the federal review section
    Best answer by VolvoGirl

    Yes that’s 85%.  Only 85% is taxable.   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

     

    To see the Social Security Benefits Calculation Worksheet  in Turbo Tax Online version you would have to save your return with all the worksheets to your computer.   Or if you are using the Desktop CD/Download Software you can switch to Forms Mode (click Forms in the upper right) and click on SS in the list on the left side.

     

    Before filing,  You can preview the 1040 or print the whole return

    https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160

     

    1 reply

    VolvoGirl
    VolvoGirlAnswer
    Employee
    January 18, 2025

    Yes that’s 85%.  Only 85% is taxable.   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

     

    To see the Social Security Benefits Calculation Worksheet  in Turbo Tax Online version you would have to save your return with all the worksheets to your computer.   Or if you are using the Desktop CD/Download Software you can switch to Forms Mode (click Forms in the upper right) and click on SS in the list on the left side.

     

    Before filing,  You can preview the 1040 or print the whole return

    https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160