Can I get help SSA-1099?

[stockjunkie]

I am on social security disability. On my SSA-1099 there is a work sheet on the back. It says to divide the income from box 5 in half. You then add your other income like 1099-R's from pensions. This total gives me my total taxable income for the year. However, in Turbo Tax there is no place to duplicate what the SSA is letting me do. They only want the FULL amount of box 5 from my SSA-1099 which increases my taxes owed by over $2000. Why can I not cut my SSA income in half on Turbo Tax like the government is letting me do?

[MichaelDC]

That's right. You'll enter the FULL amount of Box 5 from your SSA-1099. TurboTax will accurately calculate the entire worksheet and only include in income what you are required to report. Putting 50% of the Box 5 amount will invite a bill from the IRS.

You can see the difference between the whole amount reported on Line 20a of the 1040 and the taxable part on Line 20b. You can check the  below along with the Social Security Benefits worksheet before you file.

Note: Depending on your income up to 85% of your Social Security can be taxable. However, you'll never have to pay taxes on 100% of the benefits. It happens to be one of the trickier worksheets in taxes.

If you have additional questions or details regarding this, please feel free to post in the comments for further clarification.

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