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Level 3
July 17, 2022
Question

Social Security Benefits

  • July 17, 2022
  • 1 reply
  • 8 views

Taxpayer did not collect any social security benefits for 2021.  Wanted to see how much would be taxable if taxpayer starting collecting in 2022.  Entered $30K in Pre-Strategy Section.  Tax Advisor recalculated and came up with $51K which is $21K more than is being collected. Something is very wrong!

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1 reply

joshuabarksatlcs
Level 9
July 17, 2022

30k * 0.85 * 2 = 51k.

Did you enter 30K for each spouse??

I come here for kudos and IRonMaN's jokes.
Level 3
July 18, 2022

No.  Taxpayer is single

IRonMaN
Level 15
July 18, 2022

Maybe the software is so intuitive that it knows the taxpayer will be getting married this year 😬

Sometimes when weird things happen with software, deleting information and starting from scratch can take care of the problem.  But sometimes, a call to support is needed.

Slava Ukraini!