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New Member
posted Feb 19, 2022 3:53:15 PM

Why did our joint take a big jump from 2020? our income is social security, federal annuity and miunimum destribution on iras when none had increases to justify?

HOW CAN I DETERMINE IF MY HUSBAND'S SOCIAL SECURITY WAS TAXED?

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4 Replies
Level 15
Feb 19, 2022 3:58:06 PM

2021 1040 line 6a is the gross Social Security amount and 6b is the taxable part of Social Security.


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.

 

 

Level 15
Feb 19, 2022 3:58:36 PM

TAX ON SOCIAL SECURITY

Up to 85% of your Social Security benefits can be taxable on your federal tax return.  There is no age limit for having to pay taxes on Social Security benefits if you have other sources of income along with the SS benefits.  When you have other income such as earnings from continuing to work, investment income, pensions, etc. up to 85% of your SS can be taxable. 

 What confuses people about this is that before you reach full retirement age, if you continue working while drawing SS, your benefits can be reduced if you earn over a certain limit. (For 2017 that limit was $16,920 —for 2018 it was $17,040—for 2019 it was $17,640— for 2020 it is $18,240; for 2021 it is $18,960,  (For 2022 it will be $19,560) After full retirement age, no matter how much you continue to earn, your benefits are not reduced by your earnings; your employer will still have to withhold for Social Security and Medicare.

 

 

To see how much of your Social Security was taxable, look at lines 6a and 6b of your 2021 Form 1040

 

https://ttlc.intuit.com/questions/1899144-is-my-social-security-income-taxable

 

https://www.irs.gov/help/ita/are-my-social-security-or-railroad-retirement-tier-i-benefits-taxable

 

You need to file a federal return if half your Social Security plus your other income is $25,000 when filing single or head of household, or $32,000 when filing married filing jointly, $0 if you are filing married filing separately.

 

 

 

Some additional information:  There are 13 states that tax Social Security—Colorado, Connecticut, Kansas, Minnesota, Missouri, Montana, Nebraska, New Mexico, North Dakota, Rhode Island, Utah, Vermont, and West Virginia.  These states offer varying degrees of income exemptions, but four mirror the federal tax schedule: MN, ND,VT, and WV

Level 15
Feb 19, 2022 5:40:50 PM

Also check your data entry carefully, especially for extra zeroes and misplaced commas and/or decimal points. In fact, you don't need to enter commas at all.

Level 15
Feb 19, 2022 5:43:09 PM

Yes compare your return line by line to last year.  Maybe you will spot something you entered wrong or left out, etc.