Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
R
rockybail
May 8, 2021
Question

Should the total amount in box 5 on Form 1099 equal taxable income for Social Security Benefits?

  • May 8, 2021
  • 1 reply
  • 0 views
In reviewing total income, it appears that my social security benefit amounts inputted under income doesn't match what turbo tax is saying my social security benefit income is.

1 reply

B
BillM223
May 8, 2021

The IRS uses a formula to calculate what part of your Social Security is considered taxable income (it can be up to 85% of the SS income is taxable).

 

So line 6a never equals 6b on form 1040.

 

Please use this IRS Interactive Tax Assistant to see how much of your SS is taxable.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
TurboTax Sign In Widget
TurboTax flag icon

Unlock tailored help options in your account

Create an account
TurboTax Expert Assist
TurboTax Expert

Get answers to all your tax questions

Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

Terms & ConditionsAccessibility statement
Intuit
TurboTax Credit Karma QuickBooks MailChimp

©1997-2022 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
of Intuit Inc. Terms and conditions, features, support, pricing, and service options
subject to change without notice.

Security Certification of the TurboTax Online application has been performed by
C-Level Security.

By accessing and using this page you agree to the Terms of Use.

Accessibility

TRUSTe nResult Certified e-File C-Level Security Certification