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hraffa
New Member

Our social security income was $36,132, but taxable amount on line 5b was only $1993. Is this correct?

 
1 Reply
JohnW15
Intuit Alumni

Our social security income was $36,132, but taxable amount on line 5b was only $1993. Is this correct?

That sounds about right, if you didn't have a lot of other taxable income.  The amount of your Social Security income that's taxable is based largely on the amount of other income you have for the year.

Please see the TurboTax FAQ "Is my Social Security income taxable?" below for information on how Social Security is taxed.

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


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