Re: If I retired midyear in 2020, and started receiving SS benefits, does Turbotax calculate regular Federal income taxes on the social security benefits?
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If I retired midyear in 2020, and started receiving SS benefits, does Turbotax calculate regular Federal income taxes on the social security benefits?
0-85% of your Soc Sec is taxable, depending upon your other (Joint) income. Yes, TT calculates it. Enter your SSA-1099 in Federal > Wages and Income> Retirement > Social Security.