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New Member
posted Feb 3, 2024 2:26:08 PM

Why do I not owe tax on my social security? I 5G

All I have for income is retirement account withdrawal, and social security.  Nothing was withheld from SS.  Turbo tax shows I have a huge refund coming back.   Not sure this is correct?

0 3 573
3 Replies
Level 15
Feb 3, 2024 2:28:58 PM

You are asking from TT Live, for which you pay extra. Please contact a rep.
https://ttlc.intuit.com/questions/4124827-how-do-i-connect-with-a-tax-expert-in-turbotax-live

Level 15
Feb 3, 2024 2:29:57 PM

Go back and review your entries on the Form 1099-R that you entered for your retirement income.  Make sure that you did not enter a decimal point in the wrong place or have a comma entered instead of a decimal point.

 

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

Level 15
Feb 3, 2024 2:30:41 PM

Was tax withheld from the retirement account distribution?    We do not know what you mean by a "huge" refund.    We cannot see your tax return.

 

Did you enter your 1099R and SSA1099's in the right places?

 

 

To enter your retirement income, Go to  Federal> Wages and Income>Retirement Plans and Social Security>IRA  401 k) Pension Plan Withdrawals to enter your 1099R.

 

Go to Federal> Wages & Income>>Retirement Plans and Social Security  (SSA1099 and 1099RRB) to enter your SSA1099.