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Retirement tax questions
At the end of the year you will get a Form SSA-1099 showing the total amount of Social Security benefits that you received for the year. You have to enter the SSA-1099 in your tax return. But the full amount of your Social Security benefits is not taxable. TurboTax will calculate how much is taxable and include it in your Adjusted Gross Income. The amount that is taxable could be anywhere from zero to 85% of the total, depending on your other income. Your Form 1040 will show the total amount on line 6a and the taxable amount on line 6b. Only the taxable amount is included in your Adjusted Gross Income.
‎September 17, 2024
8:21 PM