TurboTax does the calculations accurately for the social security taxable amount from my experience this year. The basics of taxable social security are as follows.
- Combine all of your taxable income and half of your social security income (also include any tax exempt interest if applicable)
- Subtract the following base amount:
- $25,000 for single, head of household, qualified surviving spouse and married filing separately if you did not live with your spouse at any time during the year, or
- $32,000 for married filing jointly
- $0 if you are married filing separately and lived with your spouse at any time during 2022.
- If you have a balance after step 2, then you have taxable social security benefits of 50% of this balance (minimum)
For a higher income an maximum base amounts see the instructions and worksheets in the following publication.
@vicmn
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