Why is my taxable SSA showing up a different amount than whats on my 1099 SSA

[joecherc18]

why is my taxable SSA showing up a different amount than whats on my 1099 SSA

[Coleen3]

Your social security is not all taxable. It is taxed on a sliding scale, based on your income.

A quick way to find out if any of your benefits may be taxable is to add one-half of your Social Security benefits to all your other income, including any tax-exempt interest. Next, compare this total to the base amounts below. If your total is more than the base amount for your filing status, then some of your benefits may be taxable. The three base amounts are:

• $25,000 - for single, head of household, qualifying widow or widower with a dependent child or married individuals filing separately who did not live with their spouse at any time during the year
• $32,000 - for married couples filing jointly
• $0 - for married persons filing separately who lived together at any time during the year

[lmacknight]

I need to estimate my fed tax liability for the coming year. How can I calculate the portion of my SSA benefits that will be taxable (without using TurboTax)? ... Inquiring minds want to know!

[lmacknight]

Thanx Coleen3. You replied ...

" ... then some of your benefits may be taxable."

The above word 'some' is pretty ambiguous. Just how much is 'some'? Is the old, up to 85% number irrelevant now?  Is there an App for that?

[xmasbaby0]

The amount of your SS that is taxable depends on how much other income you have.

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 is $16,920 —for 2018 it will be $17,040—for 2019 it will be $17,640)  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 5a and 5b of your Form 1040

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