Tax preparation online
 

Tax Preparation online help - Social Security Benefits

This section of Tax Preparation Online help covers social security and social security benefits. Your social security benefits may be tax free or included in income at a percentage depending on your tax filing status and income.

Social security benefits include a wide range of payments such as:

  • retirement income social security benefits
  • disability income social security benefits, and
  • survivor benefits when a worker dies

Whatever the reasons for those social security benefits, the social security benefits are treated the same for tax purposes.

IRS tax forms

Social security benefits are reported on IRS tax from SSA - 1099 or IRS tax form RRB - 1099. The gross social security benefits are reported in Box 3. Your net social security benefits are reported in Box 5 - this is the social security benefits you receive in the form of social security benefits checks and it is also your taxable portion of social security benefits.

Lump Sum social security benefits payment

If you receive a lump sum social security benefits payment for back social security benefits, you can treat this social security benefits payment as you would other social security benefits payments. You can also treat this social security benefits payment as if you received it in the previous years. Calculations for this social security benefits will be different.

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