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Retirement tax questions
No, foreign social security is not subject to the same federal taxation limits as US Social Security. This is entered as other income and is taxed at your tax rate that is based on your filing status and other income. The steps given by DaveF will let you know how to enter this income.
- Click Federal > Wages & Income>all income>
- Go to the last selection, Miscellaneous Income, and click Start
- Go to the last option, Other reportable income, and click Start
- When it asks, "Any other reportable income?" say yes and then type in a description and the amount to report it on your tax return. For the description, type in Foreign Social Security from (enter your country) and then the amount".
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March 1, 2022
6:12 AM