No, it's not an error. The "Net Benefits" in box 5 is just the net after subtracting any repayment. As it says in box 5, it is the total benefits in box 3 minus any repayment in box 4.
The amount in box 5 is the net amount that Social Security paid out, after accounting for any repayment. It's not supposed to be the amount you actually received. The fact that some of what they paid went towards your Medicare premiums does not change the fact that they paid it. The Medicare premiums are not supposed to be subtracted from box 5. It's the same as if they sent you the full amount and you wrote a check to Medicare.
You enter the amount in box 5 in TurboTax.
No, it's not an error. The "Net Benefits" in box 5 is just the net after subtracting any repayment. As it says in box 5, it is the total benefits in box 3 minus any repayment in box 4.
The amount in box 5 is the net amount that Social Security paid out, after accounting for any repayment. It's not supposed to be the amount you actually received. The fact that some of what they paid went towards your Medicare premiums does not change the fact that they paid it. The Medicare premiums are not supposed to be subtracted from box 5. It's the same as if they sent you the full amount and you wrote a check to Medicare.
You enter the amount in box 5 in TurboTax.
Thank you ... your answer was very helpful ... now I understand.
14888 I paid a levy in 2017 for taxes 2018 food stamps which I shouldn’t had to pay back on disibility
No, this is not an error. TurboTaxes net benefits terminology comes directly from the IRS.
This is from IRS Publication 915 which shows net benefits as defined is the result of subtracting the figure in box 4 for the figure in box 3.