Judy,
I just checked, and general instructions for form 1040 are available
online (the booklet does not include instructions for the forms that can
go with 1040 such as itemized deductions, capital gains, etc.). The
worksheet for social security is on page 26.
Here is a link to a page that has links to the forms and
instructions:http://apps.irs.gov/app/picklist/list/formsPublications.html;jsessionid=S1LS1CTvaaoDcFg0LDDE6w__?value=1040&criteria=formNumber&submitSearch=Find
And here is a link to the general instruction booklet (a pdf):
http://www.irs.gov/pub/irs-pdf/i1040gi.pdf
Be aware that because Congress was late in finalizing the tax rules,
especially alternative minimum tax and some others, the IRS is late
getting out the instructions for this years taxes.
Steve
On 1/23/13 12:58 PM, Stephen J Gewirtz wrote:
Judy,
Social security is part of your income for federal tax purposes, but
not all of it. I downloaded last years instructions for form 1040 (I
do not know whether this year's are available yet), and the worksheet
is on page 26 of the instructions for form 1040. You can download the
instructions from www.irs.gov, as well as the forms. Depending on
your other income, 50% to 85% of your social security will be in your
adjusted gross income.
On the state income tax forms, you carry over your federal adjusted
gross income, but the social security income is a subtraction. Also,
if you are 65 or older, you get a pension exclusion that reduces the
amount of other pensions that are taxed.
Personally, I find it a lot easier to use Turbo Tax, but I used to do
taxes by hand. It is a lot of work. The reason I downloaded the
forms and instructions is that I wanted to estimate my taxes before I
got all the tax statements from pensions, etc.
Steve
On 1/23/13 10:51 AM, jdy wrote:
Is social security factored into one's yearly income for tax
purposes? I usually do my own taxes(long way), but this is the first
yr with social security income.
Thnx Judy
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