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Level 1
June 27, 2020
Question

Taxable Income

  • June 27, 2020
  • 1 reply
  • 5 views

I am wondering how come my Social Security Income - Taxable verses Nontaxable is so drastically different from last year to this year.

2018:     Taxable = 12,279     & NON-taxable = 11,805

2019:     Taxable = 21,237     & NON-taxable = 3,748

 

 

    1 reply

    macuser_22
    Alumni - Champ
    Alumni - Champ
    June 27, 2020

    That depends on your other income.  Anywhere from 0-85% can be taxable.      That is calculated on the "Social Security Benefits Worksheet".    Print all form and worksheets and compare that worksheet for both years and you shiuld see your answer.

    **Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
    fanfare
    Level 15
    June 27, 2020

    you're in the situation where your SS is taxed to the max - 85%

    There's nothing you can do about it, unless you made a data entry error somewhere.