Our amount of Social Security taxed for was about $7000 less than the amt of our benefits. Can you tell us why and if that can be corrected. Does it have to do with IRA?

wigidickerson- · ‎June 4, 2019

MaryK1 · ‎June 4, 2019

Yes, the taxable amount of your social security is based on your other income. (at the max only 85% gets taxed). See below for more details, and please ask if you have any other questions.

https://ttlc.intuit.com/replies/3299920

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MaryK1 · ‎June 4, 2019

Yes, the taxable amount of your social security is based on your other income. (at the max only 85% gets taxed). See below for more details, and please ask if you have any other questions.

https://ttlc.intuit.com/replies/3299920

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

Our amount of Social Security taxed for was about $7000 less than the amt of our benefits. Can you tell us why and if that can be corrected. Does it have to do with IRA?