Because I moved, the SSA sent my annual benefits letter to an old address. I called them to update to my current address and using my bank statement with SSA deposits for 2015, came up with the figure of $6560 for 2015. The SS rep told me I can use the figure of 50% of $6560 as my tax to enter in my Form 1040. Is he correct?Can I enter $6560 on line 20a and $3280 on line 20b?
By the way, in addition to the same monthly deposit of $410 for each month, I received an additional lump sum of $1503 for one month. Was that a mistake on their part? I never received a lump sum like that before. I am 80 years old and began receiving SS payments since 65.
By the way, in addition to the same monthly deposit of $410 for each month, I received an additional lump sum of $1503 for one month. Was that a mistake on their part? I never received a lump sum like that before. I am 80 years old and began receiving SS payments since 65.
Social Security Issues: Computing My Ss Taxes
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