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yonedap
New Member

All my social security benefits are showing up as income on my federal tax return. i thought most of it was tax free?

 
1 Best answer

Accepted Solutions
LindaA
Level 10

All my social security benefits are showing up as income on my federal tax return. i thought most of it was tax free?

Your Social Security income is reported on your tax return but only up to 85% of the benefits are taxable. You can preview your 1040 to see both the total and the taxable amounts.

  • Continue your return in TurboTax Online. (If your return isn't open, you'll need to sign in and click Take me to my return.)
  • Click the drop-down arrow next to Tax Tools (lower left side of your screen).
  • Select Tools.
  • Under Other helpful links…, click View Tax Summary.
  • At the left side of the screen, click Preview My 1040.
  • Scroll down to line 20 of Form 1040 or Line 14 of Form 1040A. The taxable amount is on line 20b or line 14b. (Click the screenshot below for reference.)

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1 Reply
LindaA
Level 10

All my social security benefits are showing up as income on my federal tax return. i thought most of it was tax free?

Your Social Security income is reported on your tax return but only up to 85% of the benefits are taxable. You can preview your 1040 to see both the total and the taxable amounts.

  • Continue your return in TurboTax Online. (If your return isn't open, you'll need to sign in and click Take me to my return.)
  • Click the drop-down arrow next to Tax Tools (lower left side of your screen).
  • Select Tools.
  • Under Other helpful links…, click View Tax Summary.
  • At the left side of the screen, click Preview My 1040.
  • Scroll down to line 20 of Form 1040 or Line 14 of Form 1040A. The taxable amount is on line 20b or line 14b. (Click the screenshot below for reference.)
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