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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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.
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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