Turbo tax says owe zero on 40,000 social security. how is that possible?
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New Member

Turbo tax says owe zero on 40,000 social security. how is that possible?

 
7 Replies
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Level 15

Turbo tax says owe zero on 40,000 social security. how is that possible?

Any other income besides SS?
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Level 15

Turbo tax says owe zero on 40,000 social security. how is that possible?

Is Soc Security your only Joint income?
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New Member

Turbo tax says owe zero on 40,000 social security. how is that possible?

no other income, just ss
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Level 8

Turbo tax says owe zero on 40,000 social security. how is that possible?

Some SS income should be part of your AGI but your taxable income will be zero when you subtract the standard deduction and exemption(s).
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Level 7

Turbo tax says owe zero on 40,000 social security. how is that possible?

As long as you're not Married Filing Separate.
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Level 15

Turbo tax says owe zero on 40,000 social security. how is that possible?

If the only income being reported on your tax return is Social Security benefits then there is no reason or need to file a tax return.

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Level 7

Turbo tax says owe zero on 40,000 social security. how is that possible?

As long as you are not Married Filing Separate.
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