@djk524 wrote:
This is exactly the issue that I am having. I did a little research and I know there is a worksheet than can be completed where a maximum of 85% is taxable. I just cannot see where this is calculated on turbotax. It appears that entire social security amount is carried over as taxable income. I am so confused.
No the amount of your SS benefits is not being 100% taxable. The maximum is 85% taxable.
Up to 85% of Social Security Retirement/Disability/Survivors benefits 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
Look at your tax return Form 1040 Line 6a is the total benefits and Line 6b is the taxable amount.
You can view your Form 1040 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.
