Please follow the steps below to enter your repayment of social security benefit in TurboTax Online:
- Sign in to your TurboTax account
- Click Federal on the left navigation pane
- Click Deductions & Credits in the banner
- Scroll down and click Show more to the right of Other Deductions and Credits
- Click Start to the right of Other Deductible Expenses
- Proceed through the screens until you get to the "Did you have any of these less common expenses?" screen. If your repayment amount was $3,000 or less, answer Yes. Otherwise, answer No.
- On the next screen, Did you have any of these other expenses?, answer Yes if your repayment amount was over $3,000.
- Report your repayment amount in the Claim of right repayment over $3,000 box, then select Continue at the bottom of the screen.
Please note that when you’ve had to repay more than $3,000 that you had included in your income in a prior year, you may be able to deduct the amount or take a credit against your tax in the year you repaid the income. Please see Repaid Social Security Benefits section in IRS Publication 525, Taxable and Nontaxable Income.
Please also see the TurboTax Help article for more information.
