Social security only becomes taxable when added to sufficient other income. If you are otherwise required to file a tax return, you do need to enter all your SS in Turbotax (TT). TT will determine the taxable portion, using the IRS work sheet. You don't enter a "percentage"
How much is "sufficient other income"? The
simple answer is $12,000 (a single person's filing requirement). But the answer
varies dependent on marital status, filing status, age, the amount of your Social
security.
In your case, none of your social security will be taxable.
The $13,600 standard deduction will reduce your income subject to income tax. You will owe no income tax.
The $13,600 standard deduction will not reduce any of your Self employment Income subject to self employment tax (social security and medicare).
Social security only becomes taxable when added to sufficient other income. If you are otherwise required to file a tax return, you do need to enter all your SS in Turbotax (TT). TT will determine the taxable portion, using the IRS work sheet. You don't enter a "percentage"
How much is "sufficient other income"? The
simple answer is $12,000 (a single person's filing requirement). But the answer
varies dependent on marital status, filing status, age, the amount of your Social
security.
In your case, none of your social security will be taxable.
The $13,600 standard deduction will reduce your income subject to income tax. You will owe no income tax.
The $13,600 standard deduction will not reduce any of your Self employment Income subject to self employment tax (social security and medicare).
You report the total amount of your SS benefits and TurboTax will calculate the taxable amount based on your other income. The standard deduction of $13,600 will be used by TurboTax if you do not itemize deductions.
Please read this TurboTax FAQ for more information: