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christineegoss
New Member

Can I offset SSA benefits received in 2016 with a repayment of excess benefits made in 2017?

My wife received  $19,500 in Social Security benefits in 2016.  Based on her earned income she received $6300 too much in SSA benefits for 2016.  We paid back the $6300 in February 2017.  Can I offset the $19,500 benefits received in 2016 with the $6300 paid in 2017 on my 2016 income tax return?
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IreneS
Intuit Alumni

Can I offset SSA benefits received in 2016 with a repayment of excess benefits made in 2017?

Unfortunately, no.  The repayment will be shown in box 4 of the SSA-1099 you receive for 2019.

For your 2018 return, enter the amounts shown on the 2018 SSA-1099.

 

[Edited | 4/13/2020 |  12:10 pm PDT]

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1 Reply
IreneS
Intuit Alumni

Can I offset SSA benefits received in 2016 with a repayment of excess benefits made in 2017?

Unfortunately, no.  The repayment will be shown in box 4 of the SSA-1099 you receive for 2019.

For your 2018 return, enter the amounts shown on the 2018 SSA-1099.

 

[Edited | 4/13/2020 |  12:10 pm PDT]

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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