Do social security payments count as income for the purposes of filing taxreturn

[xmasbaby0]

If Social Security was your ONLY income you do not have to file a tax return.  But if you have had other sorts of income besides the SS then you must enter your SSA1099 on your return.

 Go to Federal> Wages & Income>>Retirement Plans and Social Security  (SSA1099 and 1099RRB) to enter your SSA1099.

TAX ON SOCIAL SECURITY

Up to 85% of your Social Security benefits can be taxable on your federal tax return.  There is no age limit for having to pay taxes on Social Security benefits if you have other sources of income along with the SS benefits.  When you have other income such as earnings from continuing to work, investment income, pensions, etc. up to 85% of your SS can be taxable. 

 What confuses people about this is that before you reach full retirement age, if you continue working while drawing SS, your benefits can be reduced if you earn over a certain limit. (For 2019 it was $17,640— for 2020 it was $18,240; for 2021 it was  $18,960.  For 2022 it was  $19,560  —  for 2023 $21,240)

After full retirement age, no matter how much you continue to earn, your benefits are not reduced by your earnings; your employer will still have to withhold for Social Security and Medicare.

To see how much of your Social Security was taxable, look at lines 6a and 6b of your 2022 Form 1040

https://ttlc.intuit.com/questions/1899144-is-my-social-security-income-taxable

https://www.irs.gov/help/ita/are-my-social-security-or-railroad-retirement-tier-i-benefits-taxable

You need to file a federal return if half your Social Security plus your other income is $25,000 when filing single or head of household, or $32,000 when filing married filing jointly, $0 if you are filing married filing separately.

Some additional information:  There are 13 states that tax Social Security—Colorado, Connecticut, Kansas, Minnesota, Missouri, Montana, Nebraska, New Mexico, North Dakota, Rhode Island, Utah, Vermont, and West Virginia.  These states offer varying degrees of income exemptions, but four mirror the federal tax schedule: MN, ND,VT, and WV

[MayaD]

If your only income is Social Security, you probably don't make enough money to be required to file a federal tax return.

Whether or not your Social Security income is taxable depends on your total income, including your Social Security plus any other income.

Your benefits may be taxable if the total of (1) one-half of your benefits, plus (2) all of your other income, including tax-exempt interest, is greater than the base amount for your filing status.

The base amount for your filing status is:

• $25,000 if you're single, head of household, or qualifying surviving spouse,
• $25,000 if you're married filing separately and lived apart from your spouse for the entire year,
• $32,000 if you're married filing jointly,
• $0 if you're married filing separately and lived with your spouse at any time during the tax year.

For more information check :irs.gov

 When you report your income, TurboTax will automatically calculate the taxable amount. 

You should receive a Form 1099-SSA from Social Security which can be entered directly into TurboTax.

To report your Social Security Income:

• Login to your account.
• Select Federal from the left menu
• Go to Wages and Income then Income and Expenses.
• Scroll down to Retirement Plans and Social Securities.
• Select Strat next to Social Security (SSA-1099, RRB-1099)

[jimnanfowler]

I am unable to file my social security benefit  SSA 1099 as income on turbotax

[xmasbaby0]

@jimnanfowler

  Go to Federal> Wages & Income>>Retirement Plans and Social Security  (SSA1099 and 1099RRB) to enter your SSA1099.