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Retirement tax questions
If you received the 2024 benefits in 2025, you can use the lump sum election when you file your 2025 return to calculate the taxable portion of your 2024 benefits using your 2024 income. However, the taxable portion would still be included on your 2025 return and in your 2025 adjusted gross income. You wouldn't be able to include it in you 2024 income.
‎April 9, 2025
4:44 PM