SSA

Forum|Forum|4 years ago
March 9, 2022
2 replies
9 views

Do I need to file SSA income with W2 if SSA is under $2500?

Best answer by LenaH

Whether or not your Social Security income is taxable depends on your total income, including your Social Security plus any other income (such as your W-2).

Since you have additional sources of income, the key figure is the Modified Adjusted Gross Income (MAGI). The MAGI includes half of your Social Security, plus other sources of income. Once your MAGI exceeds the base amount for your filing status ($32,000 for Married Filing Jointly, otherwise $25,000), at least part of your Social Security income becomes taxable. The taxable portion of your Social Security income increases once you reach additional MAGI thresholds.

To determine if your Social Security income is taxable, all you need to do is enter that income. TurboTax will calculate everything for you.

DoninGA

Level 15

Yes, you have to report all income received including the benefits reported on a SSA-1099

To enter Social Security benefits reported on form SSA-1099

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Retirement Plans and Social Security
On Social Security (SSA-1099, RRB-1099), click the start or update button

Or enter ssa-1099 in the Search box located in the upper right of the program screen. Click on Jump to ssa-1099

LenaH

Answer

Employee Tax Expert

Whether or not your Social Security income is taxable depends on your total income, including your Social Security plus any other income (such as your W-2).

To determine if your Social Security income is taxable, all you need to do is enter that income. TurboTax will calculate everything for you.

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