Tax Form SSA-1099 Social Security Benefit Explained || Is My Social Security Taxable?
21.7 هزار بار بازدید -
2 سال پیش
-
If you are receiving SSA-1099
If you are receiving SSA-1099 and wanted to understand what is in each box of the tax form so that you file your taxes correctly, this video will walk you through box-by-box instructions. You can skip around to the boxes that interest you, by selecting the appropriate Chapter.
Timecodes:
00:00 - Intro
01:48 - How to get a copy of Social Security benefit form SSA-1099.
02:29 - Use the claim number in box 8 on SSA-1099 when contacting SSA at 1-800-772-1213.
02:43 - SS benefits in Box 3 of SSA-1099.
03:16 - Net benefits in Box 5 of SSA-1099.
03:47 - Federal income tax withholding from Social Security benefits in Box 6 of SSA-1099 and how to change it.
04:55 - Description of Amount in Box 3 on SSA-1099 for Medicare Part A, B, C, D.
05:32 - Lump-sum Social Security payments.
05:50 - When do you have to file your taxes?
07:10 - How much of your Social Security benefits are taxable?
09:00 - How much of your social security benefits are taxable if you are filing married filing separately and lived with your spouse during the year?
09:14 - Receiving social security benefits for prior year(s). Do you amend?
The 15 Most Common Tax Forms in 2022 (+Infographics) article: Medium: 15-most-common-tax-forms-in-2022
Boost Your Tax IQ Book: shorturl.at/ijBU2
Form SSA-1099 box-by-box instructions: https://boostyourtaxiq.com/resources
IRS instructions for SSA-1099 are at https://www.irs.gov/pub/irs-pdf/p915.pdf
Social Security Benefits Explained Pamphlet: https://www.ssa.gov/pubs/EN-05-10035.pdf
To get copy of your SSA-1099: https://faq.ssa.gov/en-US/Topic/artic...
Create SSA Account: https://secure.ssa.gov/RIL/SiView.action
SSA National 800 number: 1-800-772-1213 (https://www.ssa.gov/agency/contact/ph...)
Withholding taxes from SSA Benefits - fill out tax Form W-4V (Voluntary Withholding Request): https://www.irs.gov/forms-pubs/about-...
Different Medicare benefits taken out from SSA-1099: https://www.ssa.gov/benefits/medicare/
Lump-sum Social Security payment: https://en.as.com/en/2022/01/14/lates...
Filing Requirement for 2021: https://www.thebalance.com/are-you-re...
IRS - Do I need to file? Interactive Assistant: https://www.irs.gov/help/ita/do-i-nee...
How much of your social security benefits are taxable?: https://www.ssa.gov/benefits/retireme...
Social Security benefits taxability when filing MFS & living with spouse: https://www.investopedia.com/articles...
——————————DISCLOSURE———————————
The information presented in this video is for informational and educational purposes only. It is not intended to render tax advice for any specific situation. Those needing assistance with a specific situation should consult with a qualified Tax Professional.
The information in this video is based on current tax law and IRS regulations as of date of publication and is subject to change.
#taxguide101 #akistepinska
Timecodes:
00:00 - Intro
01:48 - How to get a copy of Social Security benefit form SSA-1099.
02:29 - Use the claim number in box 8 on SSA-1099 when contacting SSA at 1-800-772-1213.
02:43 - SS benefits in Box 3 of SSA-1099.
03:16 - Net benefits in Box 5 of SSA-1099.
03:47 - Federal income tax withholding from Social Security benefits in Box 6 of SSA-1099 and how to change it.
04:55 - Description of Amount in Box 3 on SSA-1099 for Medicare Part A, B, C, D.
05:32 - Lump-sum Social Security payments.
05:50 - When do you have to file your taxes?
07:10 - How much of your Social Security benefits are taxable?
09:00 - How much of your social security benefits are taxable if you are filing married filing separately and lived with your spouse during the year?
09:14 - Receiving social security benefits for prior year(s). Do you amend?
The 15 Most Common Tax Forms in 2022 (+Infographics) article: Medium: 15-most-common-tax-forms-in-2022
Boost Your Tax IQ Book: shorturl.at/ijBU2
Form SSA-1099 box-by-box instructions: https://boostyourtaxiq.com/resources
IRS instructions for SSA-1099 are at https://www.irs.gov/pub/irs-pdf/p915.pdf
Social Security Benefits Explained Pamphlet: https://www.ssa.gov/pubs/EN-05-10035.pdf
To get copy of your SSA-1099: https://faq.ssa.gov/en-US/Topic/artic...
Create SSA Account: https://secure.ssa.gov/RIL/SiView.action
SSA National 800 number: 1-800-772-1213 (https://www.ssa.gov/agency/contact/ph...)
Withholding taxes from SSA Benefits - fill out tax Form W-4V (Voluntary Withholding Request): https://www.irs.gov/forms-pubs/about-...
Different Medicare benefits taken out from SSA-1099: https://www.ssa.gov/benefits/medicare/
Lump-sum Social Security payment: https://en.as.com/en/2022/01/14/lates...
Filing Requirement for 2021: https://www.thebalance.com/are-you-re...
IRS - Do I need to file? Interactive Assistant: https://www.irs.gov/help/ita/do-i-nee...
How much of your social security benefits are taxable?: https://www.ssa.gov/benefits/retireme...
Social Security benefits taxability when filing MFS & living with spouse: https://www.investopedia.com/articles...
——————————DISCLOSURE———————————
The information presented in this video is for informational and educational purposes only. It is not intended to render tax advice for any specific situation. Those needing assistance with a specific situation should consult with a qualified Tax Professional.
The information in this video is based on current tax law and IRS regulations as of date of publication and is subject to change.
#taxguide101 #akistepinska
2 سال پیش
در تاریخ 1401/02/26 منتشر شده
است.
21,700
بـار بازدید شده