Hello, I used Turbotax to complete my 2024 federal income taxes. I collected Social Security and a state pension. My spouse had a W2. Where can I find on my Turbotax return how much of my Social Security was taxed and at what percent? Thanks.

[ajs813]

Hello, I used Turbotax to complete my 2024 federal income taxes. I collected Social Security and a state pension. My spouse had a W2. Where can I find on my Turbotax return how much of my Social Security was taxed and at what percent? Thanks.

[Katie-P · Accepted solution]

To determine how much social security was taxed, look at line 6b of Form 1040, which equals the taxable amount of your social security benefits. 

Your second question has a more nuanced answer because income taxes are assessed on a graduated level. One approach is to consider your marginal tax rate, which is the tax rate applied to the next dollar of income you earn. Look up your taxable income on line 15 of Form 1040. Compare that number to the tax brackets shown in the picture below. For example, if your taxable income was $95k, the tax rate would be 22%. 

Another way you could look at it is to consider your total tax on line 24 of Form 1040 divided by your taxable income on line 15. This gives you your effective tax rate, which is the actual percentage of your taxable income that you pay in federal taxes.

I hope this info helps. Thanks for your question!

[VolvoGirl]

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 right side.

The taxable amount of SS will be on 1040 line 6b.  If you didn't get any taxable amount on  6b and  you got a letter from the IRS saying it was wrong you might have answered a question wrong.   There is a new question this year asking if you lived in a foreign place. People have been answering it wrong or skipping it. Go back through the Social Security entries and check, check for each spouse if married. If the IRS adjusted your return you do not need to amend.