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New Member
posted Jan 14, 2023 3:10:49 AM

Can I put on my taxes the deduction for work that SSA is showing that they took out of my check every month

On my SSA-1099 Social Security show a deduction for me working and there's no box for that on my taxes

0 2 195
2 Replies
Level 15
Jan 14, 2023 4:59:06 AM

The reduction in benefits that you receive as a result of having income higher than the limit for someone under full retirement age is not deductible.  It's, not a loss, it's an amount not included in your reportable income in the first place.  This reduction in benefits will be made up later when your benefit is re-determined at full retirement age.

Level 15
Jan 14, 2023 3:38:24 PM

Note on the 1099-SSA that the amount was already handled ... in the TT program you ONLY enter the box 5 net amount paid.