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Household Income. Social Security Payments Not Included in Federal AGI. Where does the TurboTax figure entered source from?
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June 4, 2019
8:36 PM
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Retirement tax questions
Thank you. My SocSec is taxable. My confusion is in the wording. SS payments not included in Fed Adjusted Gross Income. I don't know what payments or amt that "not included" is referring to.
June 4, 2019
8:36 PM
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Retirement tax questions
TurboTax on-line does not provide the Social Security worksheet in order for you to determine if your social security earnings are taxable. I have attached Notice 703, which is a worksheet that helps you make that determination.
Generally, if social security is your only income, then it is not taxable. However, if your combined income is above a certain limit ($25,000 for Single, Head of Household, and Qualifying Widow or Widower with a dependent child; $25,000 for Married Filing Separately; $32,000 for joint filers who lived together for any part of the year.) then at least some of the social security is included as taxable income.
June 4, 2019
8:36 PM