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Should the amount of Social Security distribution entered in wages and income (40,326.40) be reduced in the federal review section (34,277)

Explain difference the distribution amount in the wages and income section and the federal review section
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Should the amount of Social Security distribution entered in wages and income (40,326.40) be reduced in the federal review section (34,277)

Yes that’s 85%.  Only 85% is taxable.   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.

 

Before filing,  You can preview the 1040 or print the whole return

https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-f...

 

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