On the form 1040. both SSA-1099 and RRB-1099 can be taxable under certain conditions
The threshold is all your other income plus 1/2 of your social security reaches:
Once you hit the threshold for taxable Social Security, the tax will be in your highest tax bracket, and both the Social Security and your other income will be taxed.
The thresholds are:
- Base amount. Your base amount is:
- $25,000 if you are single, head of household, or qualifying surviving spouse;
- $25,000 if you are married filing separately and lived apart from your spouse for all of 2024;
- $32,000 if you are married filing jointly; or
- $0 if you are married filing separately and lived with your spouse at any time during 2024
Please see Publication 915 Social Security and Equivalent Railroad Retirement Benefits 2024 See Page 3
From the left sidebar
- Select Tax tools
- You may have to minimize both the Federal and State options by clicking the Down Arrows on the Sidebar.
- You will then clearly see Tax Tools
- Click the arrow to up to see additional options
- Click Tools
- A Menu will pop up
- Select View tax summary
- On the left panel click Preview my 1040
- SSA-1099 and RRB-1099 are on line 6a&b
Some Key numbers to compare:
- 11 Adjusted Gross Income
- 12 Deductions
- 15 Taxable income
- 16 Tax
- 19 Child Tax Credit
- 26 Earned Income Tax Credit
- 28 Additional Child Tax Credit
- 33 Total Payments
- 34 Overpayment
- 35a Refund
- 37 Amount you owe
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