If the amount on line E equals or is less than the base amount for your filing status, none of your benefits are taxable this year. Compare the amount on line E to your base amount for your filing status. If none of your benefits are taxable, but you must otherwise file a tax return, see Benefits not taxable, later, under How To Report Your Benefits. If the amount on line E is more than your base amount, some of your benefits may be taxable. Don’t reduce your income by any deductions, exclusions (listed earlier), or exemptionsĮnter any tax-exempt interest income, such as interest on municipal bonds If the amount on line A is zero or less, stop here none of your benefits are taxable this year.Įnter your total income that is taxable (excluding line A), such as pensions, wages, interest, ordinary dividends, and capital gain distributions. (If you received more than one form, combine the amounts from box 5 and enter the total.) Include the full amount of any lump-sum benefit payments received in 2022, for 2022 and earlier years. If you plan to file a joint income tax return, include your spouse's amounts, if any, on lines A, C, and D.Įnter the total amount from box 5 of ALL your Forms SSA-1099 and RRB-1099. If you received these benefits during 2022, you should have received a Form SSA-1099, Social Security Benefit Statement Form RRB-1099, Payments by the Railroad Retirement Board Form SSA-1042S, Social Security Benefit Statement or Form RRB-1042S, Statement for Nonresident Alien Recipients of Payments by the Railroad Retirement Board, showing the amount. They are commonly called the social security equivalent benefit (SSEB) portion of tier 1 benefits. They don’t include Supplemental Security Income (SSI) payments, which aren’t taxable.Įquivalent tier 1 railroad retirement benefits are the part of tier 1 benefits that a railroad employee or beneficiary would have been entitled to receive under the social security system. Social security benefits include monthly retirement, survivor, and disability benefits. It is prepared through the joint efforts of the IRS, the Social Security Administration (SSA), and the U.S. This publication explains the federal income tax rules for social security benefits and equivalent tier 1 railroad retirement benefits. You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-80) if you recognize a child. Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. The IRS is a proud partner with the National Center for Missing & Exploited Children® (NCMEC). Instead, the income limitations for the lifetime learning credit have been increased. The tuition and fees deduction is not available after 2020. Tuition and fees deduction not available. Get a replacement Form SSA-1099 or SSA-1042S for the tax season.įor more information and to set up an account, go to SSA.gov/myaccount. Get a letter with proof of your benefits if you currently receive them, Get an estimate of your future benefits if you are still working, Keep track of your earnings and verify them every year,
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