DaveF1006
Employee Tax Expert

Retirement tax questions

Yes, that is correct especially if the amount of 1/2 of his SSI and the distribution from his 401K are less than his Standard or Itemized Deduction amounts. You can easily check this in Turbo Tax Online by going to:

  1. Log or open Turbo Tax
  2. Go to to Tax Tools>Tools>view Tax Summary
  3. Check the 6 line down where it says Taxable income.  If this is 0 then he is eligible to receive all of his withholding that he paid in.
  4. If you are using the software, you can go to forms and check the 1040.  If line 15 says 0, then he will receive his taxes that were withheld.
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