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bobc784
New Member

If I add SS income to my 2020 fed return can I estimate my 2021 tax due. Just started SS this year. Still work and same income as 2020?

 
2 Replies
DoninGA
Level 15

If I add SS income to my 2020 fed return can I estimate my 2021 tax due. Just started SS this year. Still work and same income as 2020?

Up to 85% of Social Security Retirement/Disability/Survivors benefits becomes taxable when all your other income plus 1/2 your social security reaches:

  • Married Filing Jointly - $32,000
  • Single or Head of Household - $25,000
  • Married Filing Separately - 0

You can use this TurboTax calculator to get an estimate of taxes owed or a tax refund - https://turbotax.intuit.com/tax-tools/calculators/taxcaster/

fanfare
Level 15

If I add SS income to my 2020 fed return can I estimate my 2021 tax due. Just started SS this year. Still work and same income as 2020?

If you are using TurboTax Online,

Do not modify your tax return to do estimates or projections for next year.

Online only allows one tax return.

 

Instead use TurboTax CD/download program,

OR

Create a new online account to throw away.

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