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Level 5
April 15, 2022

Social Security Benefits with w2 form

  • April 15, 2022
  • 1 reply
  • 10 views

Good evening, I have a new client who is filing MFJ senior citizen and made 53k w2 and about 32k SSA statements. He brought his tax paperwork from his other preparer unfortunately she is really sick and can no longer help him 😟... I am entering all his information and he has a total of 88k for income. Which makes him pay. But I am looking at the prior tax preparation forms and the social security benefits are included yet they don't appear in the actual adjusted gross income. Is there something I need to do that I don't know about?

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    1 reply

    rbynaker
    Level 13
    April 15, 2022

    Was the income similar in the prior year?  If income was low enough, social security benefits are not taxable.

    Also, check the name and SSN on the 1099-SSA, might they be for a minor child instead of your client?

    Those are the two most common scenarios.

    rose323Author
    Level 5
    April 15, 2022

    Income was about 45k w2 last year. So yes close.  Since it is not taxable do I still add to the return ? If so, how do I minus it out?

    rbynaker
    Level 13
    April 15, 2022

    You enter it and the software will determine how much of it is taxable.