- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I have Social Security Income of $33,469 (line 5a)yet my taxable income is $28,449 (line 5b), why the difference?
1 Best answer
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I have Social Security Income of $33,469 (line 5a)yet my taxable income is $28,449 (line 5b), why the difference?
Only up to 85% of social security is included in taxable income. Line 5A is the full amount of your SS, line 5b is the taxable amount.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
2 Replies
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I have Social Security Income of $33,469 (line 5a)yet my taxable income is $28,449 (line 5b), why the difference?
Only up to 85% of social security is included in taxable income. Line 5A is the full amount of your SS, line 5b is the taxable amount.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I have Social Security Income of $33,469 (line 5a)yet my taxable income is $28,449 (line 5b), why the difference?
Up to 85% of Social Security Retirement/Disability/Survivors benefits becomes taxable when all your other income plus 1/2 your social security reaches:
- Married Filing Jointly - $32,000
- Single or Head of Household - $25,000
- Married Filing Separately - 0
Still have questions?
Make a post
Or browse the Forums