- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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'?
‎January 24, 2024
3:48 AM