Should I include Social Security Benefits When filing Taxes?
C.H. asked:
I am so confused. Last year I received social security benefits. I understand that half the amount received from Social Security along with any other income is not taxable if the amount was less than $25,000.
I am so confused. Last year I received social security benefits. I understand that half the amount received from Social Security along with any other income is not taxable if the amount was less than $25,000.
I made less than $25,000. Does this mean that I do not need to include the benefits in my AGI?
I hope someone can clear this up for me! thanks.
Social Security Benefits
Social Security Benefits
A part of your social security benefits may be taxable if half of the SS benefits plus your other income exceeds the base amount. Read Social Security Income and Disability Benefits
Social Security Benefits
Yes, if 50% of your social security plus your other income is less than $25,000, then the social security benefits will not be included in your AGI.
The gross amount of social security benefits on your 1099-SSA will still be listed on your tax return on line 14a (but 14b will be zero) of your 1040A or the corresponding line of the 1040.
Note that your other income for this calculation must include all of your income, even income (like municipal bond interest) that is tax exempt.
Richard K
HR Block
This advice is based upon my understanding of the law in effect at the time it was written as it applies to the facts provided by you. See my profile for more information.
Social Security Benefits
If half of your ss benefits plus all of your other income is less than $25K, then none of your ss is taxable and you don’t have to show the ss on your return. If you do, you would show the total amount, then the taxable portion as the taxable amount – if half of your ss plus all of your other income is under $25k, the taxable amount is Zero, and that’s what would add into your AGI.