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msdsd
New Member

I received a lump sum RSDI payment that covered sept 2024 to feb 2025. How do I pay taxes on it

My understanding is that I can update my 2024 file for September to December. And pay taxes on Jan and Feb 2025
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JotikaT2
Employee Tax Expert

I received a lump sum RSDI payment that covered sept 2024 to feb 2025. How do I pay taxes on it

Assuming this is a payment from the Social Security Administration and you received the payment in 2025, it will be reported on your SSA-1099 in 2025.  Please see what is a lump-sum Social Security payment for guidance on entering this information in TurboTax.

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