So, here's where I went wrong. My intent was to start receiving SS benefits at age 68 (born Jan 1956). I started my application in June 2023 (just to learn what I'd need to complete) but did not submit until Oct 2023 hoping to start receiving SS in Jan 2024. They backdated to Dec 2022 (6 months from start of application, not 6 months from application submission. It's all my misunderstanding of some illogical rules not shared properly by IRS or Social Security. So, what will my tax liability and penalty be. Will the contributions just be taxed as income plus 6% penalty on the amount disupursed for medical bills?
