topic Social Security Income in Retirement tax questions

Social Security Income

mngrammy — Fri, 05 Feb 2021 23:36:35 GMT

How can a portion of our social security income be TAXABLE, and another portion be NON-TAXABLE:

Re: Social Security Income

DoninGA — Fri, 05 Feb 2021 23:37:27 GMT

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

Re: Social Security Income

Barton2281951 — Mon, 08 Feb 2021 16:22:08 GMT

The TurboTax system has a glitch that is preventing me from uploading my social security information. I have called twice and been disconnected because I would not pay $90. This is extremely poor service. Why should I pay fir a TurboTax issue?

Re: Social Security Income

DoninGA — Mon, 08 Feb 2021 16:33:18 GMT

@Barton2281951 wrote:

The TurboTax system has a glitch that is preventing me from uploading my social security information. I have called twice and been disconnected because I would not pay $90. This is extremely poor service. Why should I pay fir a TurboTax issue?

The Social Security Form SSA-1099 cannot be imported into the TurboTax program.

To enter Social Security benefits reported on form SSA-1099

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Retirement Plans and Social Security
On Social Security (SSA-1099, RRB-1099), click the start or update button

Or enter ssa-1099 in the Search box located in the upper right of the program screen. Click on Jump to ssa-1099

Re: Social Security Income

roxanne5373 — Mon, 05 Apr 2021 13:57:52 GMT

Where do I insert this on my tax form>

Re: Social Security Income

MayaD — Mon, 05 Apr 2021 14:11:34 GMT

A portion of Social Security Income may be taxable. When you report your income, TurboTax will automatically calculate the taxable amount.

You should receive a Form 1099-SSA from Social Security which can be entered directly into TurboTax.

To report your Social Security Income:

Login to your account.
Select Federal from the left menu
Go to Wages and Income then Income and Expenses.
Scroll down to Retirement Plans and Social Securities.
Select Strat next to Social Security (SSA-1099, RRB-1099)

Re: Social Security Income

kirkaby — Fri, 23 Apr 2021 17:37:14 GMT

I don't have a 1099 from SSA, but have the amount I received. Will this be enough to continue?

Re: Social Security Income

BillM223 — Fri, 23 Apr 2021 20:16:46 GMT

It would be safer if you got a copy of the form, because it may have a number on it other than just what you received (like the gross amount less any deductions).

If you get any of the numbers wrong, this will throw your return into manual processing, which is a nightmare this year - you want to avoid that as much as possible.

To get a replacement copy, please see the Social Security Administration on this webpage that gives contact information.

@kirkaby

Re: Social Security Income

Xactdave — Tue, 08 Feb 2022 23:14:02 GMT

In 2021 TurboTax deluxe for PC there is only a blank screen when I click to enter Social Security SSA-1099 information. It is blank when I use the direct link from helps as well. I am using Windows 10 OS. How can I enter that info?

Re: Social Security Income

Xactdave — Tue, 08 Feb 2022 23:15:44 GMT

That didn’t work for me in Windows 10. I only get a blank screen. Help?

Re: Social Security Income

DoninGA — Tue, 08 Feb 2022 23:17:12 GMT

@Xactdave wrote:

In 2021 TurboTax deluxe for PC there is only a blank screen when I click to enter Social Security SSA-1099 information. It is blank when I use the direct link from helps as well. I am using Windows 10 OS. How can I enter that info?

Are you running the TurboTax application as an Administrator? If not -

Save the tax return.

Close the TurboTax program

Right click on the TurboTax icon on your computer screen

Click on Run as Administrator

Start the TurboTax program and see if the problem persists

Re: Social Security Income

Xactdave — Wed, 09 Feb 2022 02:51:16 GMT

Perfect! Solved it. Thanks