mguinn59
New Member

How to adjust taxable income in year Social Security benefits were paid back

I was overpaid SS in 2021 and 2022 due to exceeding the earnings limit.   IRS is demanding repayment in 30 days.  I assume I will be able to adjust my 2024 taxable income by the amount of the repayment.   I normally take the standard deduction, so do I list this repayment as an adjustment on my Schedule 1 as 'other adjustments'?