topic Re: Social Security Taxable amount in Retirement tax questions

Social Security Taxable amount

bartolettisf — Tue, 08 Apr 2025 00:15:01 GMT

For 2024, turbo tax calculated our taxable social security as 47% of the total. We trusted the calculation, but the IRS sent a notice that the computation of the taxable amount was in error. The correct amount should be 85% of the total benefit. When I reviewed our 2023 return, I see that last year, Turbot Tax did show 85% of our SS as the taxable amount. This is a huge error in Turbo Tax for 2024! I have been on the phone all day trying to find someone who could help me understand what went wrong.

Re: Social Security Taxable amount

DawnC — Tue, 08 Apr 2025 00:22:06 GMT

It sounds like you answered Yes on the following screen, or skipped over the question. When you entered your social security income, you would have been shown the screen below.

Re: Social Security Taxable amount

bartolettisf — Thu, 10 Apr 2025 15:34:40 GMT

As I noted before, I am quite sure I never saw that screen nor would I have indicated Yes as the answer. In any case, TurboTax should include this as one of the “error” messages to be cleared before submitting the return.