Yes. Social Security will mail you a SSA1099 for any Social Security benefits you received in 2024, and it must be entered.
Go to Federal> Wages & Income>>Retirement Plans and Social Security (SSA1099 and 1099RRB) to enter your SSA1099.
FIRST YEAR OF SOCIAL SECURITY
People get really confused when they start getting SS. If you are not full retirement age, SS can reduce your benefits if you earn over a certain amount. But they do not do that during the FIRST year that you transition from working to getting SS. After that, if you are not full retirement age, they can reduce your benefit if you continue to work and earn over the limit.
None of that means that your SS is not taxable during the first year. It is. If you receive other income while receiving SS, your SS can be taxable. If you were expecting SS to be "tax free" the first year, you were mistaken about how it works.
FIRST YEAR OF SS RULES
https://faq.ssa.gov/en-US/Topic/article/KA-01927?msclkid=11bc282ccf2211ecb65078152b05ae6b
https://www.ssa.gov/pubs/EN-05-10069.pdf
And....Social Security and SSI do not mean the same thing.
WHAT IS THE DIFFERENCE BETWEEN SOCIAL SECURITY BENEFITS AND SSI?
https://www.ssa.gov/ssi/text-over-ussi.htm
IF YOU WANT TO HAVE TAX WITHHELD FROM YOUR SOCIAL SECURITY BENEFITS
https://www.ssa.gov/manage-benefits/request-withhold-taxes
https://www.irs.gov/forms-pubs/about-form-w-4-v
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
