topic Did y’all deduct the 12000 for social security in Retirement tax questions

Did y’all deduct the 12000 for social security

trenia200879 — Fri, 07 Feb 2020 21:48:12 GMT

Re: Did y’all deduct the 12000 for social security

DanaB27 — Fri, 07 Feb 2020 22:10:13 GMT

If you are referring to how much of your Social Security is taxable you can review the amount by previewing your 1040. You will see the total amount of Social security benefits on line 5 a and the taxable amount on line 5 b.

To preview your 1040:

Click on "Tax Tools" in the left menu
Click "Tools"
Click "View Tax Summary" in the Tool Center window
Click on "Preview my 1040" on the left

Please see Is my Social Security income taxable? for additional information.

Re: Did y’all deduct the 12000 for social security

VolvoGirl — Fri, 07 Feb 2020 22:12:57 GMT

What are you asking? Please give more details. Do you have other income besides Social Security? If you are Single you get a Standard Deduction of 12,200 off your total income.

If you ONLY get SSI or Social Security or Social Security Disability or a SSA-1099 or RRB-1099 for railroad retirement you do not have to file a return. And there is no benefit to itemizing deductions or claiming dependents.