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
04691
4 Replies
DoninGA
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.
VolvoGirl
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.
NCperson
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.