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Retirement tax questions
The SS worksheet line 2 is half of line 1,
Business losses and other adjustments are on line 6. The tax law specifically said in calculating the SS tax that the $10,200 must be ignored, therefor the amounts in the 1040 that do take the !0,200 into account will not match the SS calculations, but that is how the law was written.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
March 24, 2021
7:53 AM
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