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If my social security says it is below the 25,000.00 why do I have to put the amount from box 5 of the SSA-1099 which is over the amount above?

 
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2 Replies

If my social security says it is below the 25,000.00 why do I have to put the amount from box 5 of the SSA-1099 which is over the amount above?

Social Security Retirement/Disability/Survivors benefits are reported on a form SSA-1099 and the benefits received are to be entered on a federal tax return. The benefits may be taxable depending on the amount of other income you have entered on your tax return.
However, if the Social Security benefits are the Only income to be reported on the tax return, then there is no reason or need to file a tax return.

 

To enter Social Security benefits reported on form SSA-1099

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Retirement Plans and Social Security
On Social Security (SSA-1099, RRB-1099), click the start or update button

 

Or enter ssa-1099 in the Search box located in the upper right of the program screen. Click on Jump to ssa-1099

 

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

If my social security says it is below the 25,000.00 why do I have to put the amount from box 5 of the SSA-1099 which is over the amount above?

I don't know what you mean by "over the amount above."  If you have other taxable income, your SS benefit may be taxable even if the benefit is less than $25,000.  Enter your SSA-1099 as-is, and let turbotax figure out how much, if any, is taxable.

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