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No taxes on Social Security
Hello -
When I entered my Social Security, the app showed no taxes due. Check.
When I added my 1099R, I was taxed on the full amount at the 12% rate. So my question is, if Social Security is not taxable is it included in my total taxable income? Something is off - we should have gotten the standard deduction of $34,700 and paid the tax on the difference between my 1099R and the $34,700. It's like I didn't get my standard deduction at all. Any help understanding this is appreciated.
2 weeks ago