Vanessa A
Expert Alumni

Retirement tax questions

Do you have any other income?  If not, and your social security is less than $50,000, you do not need to file a tax return.

 

If you do have other income or if you are married filing separately, then you can enter your SSA-1099 by selecting the following:

  1. Click Federal  
  2. Wages & Income
  3.  See all income
  4. Scroll down to retirement click show more
  5. Click start next to SSA-1099
  6. Answer the questions and enter your SSA-1099
     

If you fall into the following, 85% of your social security is taxable income

  • Single with income above $34,000
  • Married Filing Jointly with income above $44,000
  • Married Filing Separate regardless of income

If you fall into the following, 50% of your social security is taxable income

  • Single with combined income between $25,000-$34,000
  • Married Filing Jointly with combined income between $32,000 and $44,000

Your combined income is calculated by adding your

  • AGI plus
  • Nontaxable Interest plus
  • 1/2 of your social security Benefits

Social Security Benefits Taxes

 

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