You would enter your social security benefits as Other Income and losses. Up to 85% of your social security benefits can be taxable, but it could be far less depending on your income. I suggest you look at your 2023 taxable social security on line 6(b) of your Form 1040 to see what the taxable amount was last year as a guide for what to enter there.
To view your form 1040 and schedule 1 to 3:
You would enter your social security benefits as Other Income and losses. Up to 85% of your social security benefits can be taxable, but it could be far less depending on your income. I suggest you look at your 2023 taxable social security on line 6(b) of your Form 1040 to see what the taxable amount was last year as a guide for what to enter there.
To view your form 1040 and schedule 1 to 3:
Thanks. So another question would be: How to enter the Medicare deduction?
I should have included this question!
Thanks again for your help!
I'm not sure why you would enter a medicare deduction into the section for estimated taxes. Medicare benefits are not taxable income so they do not need to be taken into account when calculating your taxes and medicare deductions from your income do not effect taxable income.