Maybe. Depends how much is the RMD. If your RMD is a lot part of your Social Security may be taxable. And you want to file to get back any withholding from the RMD.
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
Do you need to file a return?
Whether you have to file depends on the amount of your RMDs and other factors. You can use the calculator at the following link on the IRS web site to see if you have to file a tax return for 2020. The calculator will be updated for 2021 when filing for 2021 begins in January.
If you are filing as Married Filing Jointly, then if the IRA distribution plus 1/2 of your SS benefits is $32,000 or greater would you have to file a tax return.
To enter Social Security benefits reported on form SSA-1099
- Click on Federal Taxes (Personal using Home and Business)
- Click on Wages and Income (Personal Income using Home and Business)
- Click on I'll choose what I work on (if shown)
- Scroll down to Retirement Plans and Social Security
- On Social Security (SSA-1099, RRB-1099), click the start or update button
Or enter ssa-1099 in the Search box located in the upper right of the program screen. Click on Jump to ssa-1099
Up to 85% of Social Security Retirement/Disability/Survivors benefits 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