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shuffj
New Member

is the SSA one time payment received in 2024 for the government employee offset bill considered a lump sum payment?

 
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2 Replies
rjs
Level 15
Level 15

is the SSA one time payment received in 2024 for the government employee offset bill considered a lump sum payment?

Yes, it's a lump-sum payment for 2024. Wait to enter it in TurboTax until you get the Form SSA-1099 showing the payment.

 

is the SSA one time payment received in 2024 for the government employee offset bill considered a lump sum payment?

Are you asking about a payment resulting from the Fairness Act?   You received a lump sum in 2025, but a large chunk of that was a retroactive payment for 2024.    The amount will be shown on the SSA1099 that will be mailed to you by Social Security soon.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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