You'll need to sign in or create an account to connect with an expert.
Up to 85% of Social Security 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
To see the Social Security Benefits Calculation Worksheet in Turbo Tax Online version you would have to save your return with all the worksheets to your computer. Or if you are using the Desktop CD/Download Software you can switch to Forms Mode (click Forms in the upper right) and click on SS in the list on the left side.
Just in case you only get ssi that is not Social Security and is not reported on your tax return.
Are you asking about the BBB bill that was passed? There is a new Senior Deduction of $6,000 for each spouse 65 or older if you qualify. The income limit is 75,000 (150,000 Joint). That is in addition to the Standard Deduction or your Itemized Deductions and is after any Social Security taxable amount on line 6b.
The new tax law does not make any change in the taxation of Social Security income. The campaign promise of "no tax on Social Security" turned into the new deduction for seniors that VolvoGirl described. The deduction for seniors will be allowed for 4 years, from 2025 through 2028.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
hjw77
Level 2
user17537184588
New Member
user17629581143
Level 1
in [Event] Ask the Experts: Biz Recordkeeping & 1099-NEC Filing
user17629581143
Level 1
in [Event] Ask the Experts: Biz Recordkeeping & 1099-NEC Filing
Kbird35
Level 2