Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 2
posted Dec 2, 2020 11:59:57 AM

Should the amount enter in TurboTax for SSA income include the amount withheld for Medicare or is it just the net amount I received?

I'm trying to estimate and don't have a real 1099 to look at yet

0 4 691
4 Replies
Level 15
Dec 2, 2020 12:08:07 PM

The total Social Security benefits you receive before any deduction for Medicare premiums paid.

The amount to enter is from box 5 of the SSA-1099 which you will receive in January 2021 for the 2020 benefits paid.

Level 15
Dec 2, 2020 12:18:30 PM

Is this your first year?  Do you have a copy of last year's?  Here a blank one to see.  You enter the amount in box 5 which is before deductions. Medicare deductions will be listed in the big box on the left side.

 

 

Level 15
Dec 2, 2020 2:24:51 PM

add the cash you received PLUS what was withheld for Medicare PLUS any voluntary tax withholding. THAT is your SSA income.

Level 2
Dec 5, 2020 8:00:27 AM

Thanks