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48kmcu58
New Member

Why is the income total different from what I entered to what was used to calculate my taxes?

My income totaled $100,604 but the amount used to calculate my taxes owed was $97,680.   What is the $2,924 difference?

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1 Best answer

Accepted Solutions
Anita01
New Member

Why is the income total different from what I entered to what was used to calculate my taxes?

The SSA-1099 is for Social Security, and up to 85% of that income can become taxable, based on the amount of your other income. You would not expect to see all of your Social Security included in your taxable income.

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3 Replies
Anita01
New Member

Why is the income total different from what I entered to what was used to calculate my taxes?

Can you tell us what makes up the $100,604?
48kmcu58
New Member

Why is the income total different from what I entered to what was used to calculate my taxes?

W-2s, 1099-Rs, SSA-1099
Anita01
New Member

Why is the income total different from what I entered to what was used to calculate my taxes?

The SSA-1099 is for Social Security, and up to 85% of that income can become taxable, based on the amount of your other income. You would not expect to see all of your Social Security included in your taxable income.

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