Question

Why is my taxable social security benefits less than my reported social security benefit statement?

Forum|Forum|4 years ago
March 10, 2022
1 reply
0 views

2021 turbo tax reports my taxable social security benefit as $17,931. My social security benefit statement reports net benefits of $21095, why is this?

TurboTax Premier Online

V

Vanessa A

That is because your entire Social Security benefits are not taxable. Only up to 85% of your SS benefits are taxable. In your case, that means only $17,931 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"