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emilyspa1
New Member

Which version of Turbo Tax will help calculate the taxable portion of my Social Security when I have W2 Income and RMD?

 
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DoninGA
Level 15

Which version of Turbo Tax will help calculate the taxable portion of my Social Security when I have W2 Income and RMD?

All the TurboTax editions will calculate the taxable portion of the Social Security benefits received.

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

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1 Reply
DoninGA
Level 15

Which version of Turbo Tax will help calculate the taxable portion of my Social Security when I have W2 Income and RMD?

All the TurboTax editions will calculate the taxable portion of the Social Security benefits received.

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
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