You'll need to sign in or create an account to connect with an expert.
Yes, TurboTax uses a worksheet to calculate any taxable social security. Only up to 85% of Social Security may be taxable, not the whole amount.
See the screenshot below of IRS Worksheet A. A Quick Way To Check if Your Benefits May Be Taxable.
Whether or not your Social Security income is taxable depends on your total income, including your Social Security plus any other income. Generally speaking, if your only income is Social Security, you probably don't make enough money to be required to file a federal tax return.
For those with additional sources of income, the key figure is the Modified Adjusted Gross Income (MAGI). The MAGI includes half of your Social Security, plus other sources of income. Once your MAGI exceeds the base amount for your filing status:
To determine if your Social Security income is taxable, all you need to do is enter that income – See Where do I enter an SSA-1099, SSA-1099-SM, or SSA-1099-R-OP1? TurboTax does the rest!
Yes, TurboTax uses a worksheet to calculate any taxable social security. Only up to 85% of Social Security may be taxable, not the whole amount.
See the screenshot below of IRS Worksheet A. A Quick Way To Check if Your Benefits May Be Taxable.
Whether or not your Social Security income is taxable depends on your total income, including your Social Security plus any other income. Generally speaking, if your only income is Social Security, you probably don't make enough money to be required to file a federal tax return.
For those with additional sources of income, the key figure is the Modified Adjusted Gross Income (MAGI). The MAGI includes half of your Social Security, plus other sources of income. Once your MAGI exceeds the base amount for your filing status:
To determine if your Social Security income is taxable, all you need to do is enter that income – See Where do I enter an SSA-1099, SSA-1099-SM, or SSA-1099-R-OP1? TurboTax does the rest!
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
anon30
Level 3
Tax_payer03
New Member
cyp54ress
Level 1
riogrande
New Member
cparke3
Level 4
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.