@Mojito11 wrote:
How to arrive to amount for line 20b
The answer was for a 2017 or prior tax year return, not for tax year 2020.
On a 2020 Federal tax return Form 1040 the Social Security benefits received are on Line 6a and the taxable amount (if any) is on Line 6b.
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
However, if the Social Security benefits are the Only income to be reported on the tax return, then there is no reason or need to file a tax return.
