topic 65 years old with wages in excess of Social Security allowable. I will have to pay back SS excess received, which reduces my total income for the year. How it this done? in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/65-years-old-with-wages-in-excess-of-social-security-allowable-i-will-have-to-pay-back-ss-excess/01/168209#M68538 <P>I will have to repay part of the SS allowance I received in 2018 (based on the wages I received that are above the amount that SS allows, 1$ for ever $2 earned above the limit).&nbsp; I have not received the letter stating how much I will have to repay, but my SS rep states that it will come.This effectively reduces my taxable income.&nbsp; Will I have to file an amended return or is that something I will deduct from the 2019 taxes next year?</P> Sat, 01 Jun 2019 14:42:54 GMT halversondr 2019-06-01T14:42:54Z 65 years old with wages in excess of Social Security allowable. I will have to pay back SS excess received, which reduces my total income for the year. How it this done? https://ttlc.intuit.com/community/taxes/discussion/65-years-old-with-wages-in-excess-of-social-security-allowable-i-will-have-to-pay-back-ss-excess/01/168209#M68538 <P>I will have to repay part of the SS allowance I received in 2018 (based on the wages I received that are above the amount that SS allows, 1$ for ever $2 earned above the limit).&nbsp; I have not received the letter stating how much I will have to repay, but my SS rep states that it will come.This effectively reduces my taxable income.&nbsp; Will I have to file an amended return or is that something I will deduct from the 2019 taxes next year?</P> Sat, 01 Jun 2019 14:42:54 GMT https://ttlc.intuit.com/community/taxes/discussion/65-years-old-with-wages-in-excess-of-social-security-allowable-i-will-have-to-pay-back-ss-excess/01/168209#M68538 halversondr 2019-06-01T14:42:54Z The repayment of social security benefits is claimed in t... https://ttlc.intuit.com/community/taxes/discussion/the-repayment-of-social-security-benefits-is-claimed-in-t/01/168215#M68540 <P>The repayment of social security benefits is claimed in the year you repay the benefits. The amount you repay will be listed in box 4 of Form SSA-1099 in 2019. All you will need to do is enter your form into TurboTax and the repayment amount will already been been subtracted.&nbsp;</P><P> <BR /> </P><P>Please view <B>page 5</B>, IRS Publication 915 for more information.</P><P> <A rel="nofollow" href="https://www.irs.gov/pub/irs-pdf/p915.pdf" target="_blank">https://www.irs.gov/pub/irs-pdf/p915.pdf</A> <BR /> </P> Sat, 01 Jun 2019 14:43:05 GMT https://ttlc.intuit.com/community/taxes/discussion/the-repayment-of-social-security-benefits-is-claimed-in-t/01/168215#M68540 KatrinaB 2019-06-01T14:43:05Z