Social Security Benefits repayment

[CortezRL]

I received social security benefits in 2023 but I repaid those benefits in 2023. Where do I claim the repayment? I do not itemize. I use the standard deduction.   

[DMarkM1]

Your form SSA-1099 will show the net benefits received in box 5 (box 3 minus box 4).  Your box 5 entry in TurboTax will account for the benefits repaid in 2023 amount (box 4). 

[CortezRL]

Box 3 shows my benefit plus what I paid back. Box 4 shows what I paid back. So when you subtract box 4 from box 3 I still get the benefit funds that I got paid. Thank you for your answer but it does not help 

[DawnC]

You only enter Box 5 and Box 6 (if applicable) in TurboTax; Boxes 3 and 4 do not get entered.   TurboTax will report it correctly.   We'll calculate how much, if any, of your Social Security benefits are taxable.  If your only income is from Social Security, you aren't required to file a return.

Where to enter SSA-1099 - see the entry screen example below. 

[CortezRL]

Box 6 has none

[DianeW777 · Accepted solution]

Yes, that's quite common.  If you did not select the option for federal withholding, then the Social Security Administration (SSA) does not take any.  You can change your mind and have federal tax withheld in the future. 

• File Form W-4V with SSA (see the link)

A repayment of the same benefits you received in 2023 (received and paid back in the same year) are not taxable. Your SSA-1099 should reflect this.  The following publication discusses the boxes as indicated above and a description of each box on your form. The SSA should have offset your benefits in box 5 by any amount you repaid in 2023 (box 4).

• IRS Publication 915

@CortezRL 

[CortezRL]

They will be sending me a corrected version. This version is going to show a balance on box 5 of "0". 

Thank you to everyone for your comments and answers.