Is my Social Security income taxable? - Intuit
Dec 19, 2025 · Whether your Social Security income is taxable depends on your total income, including your Social Security plus any other income. Generally speaking, if your only income …
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What's the Qualified Business Income (QBI) deduction? - Intuit
Dec 11, 2025 · The deduction amount depends on the taxpayer's total taxable income and the type of business. At higher income levels, the deduction is reduced or eliminated.
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Pension is being counted as earned income for Social Security Taxes
Mar 18, 2025 · You are correct, pension distributions are not earned income but they do factor into the amount of your social security benefits that are taxable. The income used to determine …
Solved: How is the taxable amount on an Office of Personnel
Jun 7, 2019 · The taxable amount is calculated for you, based on your form's entries and follow up questions. First, let's make sure that the form is entered correctly, not as a regular pension. …
NOL Carryforward Deduction with Social Security Income
Mar 11, 2025 · If I calculate taxes without the carryforward deduction, I can easily calculate 80% of taxable income to limit the carryforward deduction, but when I then add the carryforward …
Solved: 1098-T and taxable scholarships reporting
Mar 10, 2025 · There's yet another (and easiest) work around. Manually calculate the taxable amount of scholarship and enter the 1098-T, on his return, with 0 in box 1 and the taxable …
Turbo Tax did not calculate my SSA Taxable portion accurately
Mar 13, 2025 · Turbo Tax did not calculate my SSA Taxable portion accurately When I prepared my 2024 taxes it wasn't until I had submitted that I noticed the line 6B Taxable amount for …
Using the Simplified Method to calculate taxable income, I came …
Feb 13, 2025 · Then, to the question about whether the taxable annuity was used as the taxable amount: the box says 'unknown' on my 1099-R, so I said NO . Then I answered YES to …
What is the formula Turbotax uses to calculate the Effective ... - Intuit
Feb 22, 2023 · Your “effective tax rate” is the average percentage of your taxable income that you owe in federal taxes. In order to calculate this rate, you simply divide your tax liability (what …
Why did the taxable amount of my Social Security benefits ... - Intuit
Dec 22, 2025 · The basic formula to determine whether your Social Security benefits are taxable includes half of your Social Security income plus all other sources of income, including any tax …
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