If your income is modest, it is likely that none of your Social Security benefits are taxable. As your gross income increases, a higher percentage of your Social Security benefits become taxable, up to a maximum of 85% of your total benefits.The TaxACT program will automatically calculate the taxable amount of your Social Security income (if any).

To view this calculation worksheet:

TaxACT Online Return

  1. Click on Forms on the right side of the screen
  2. Click View complete Forms list
  3. Expand the Federal folder, then expand the Worksheets folder
  4. Scroll down and click Form 1040 Taxable Social Security - Social Security Benefits Worksheet 1
  5. Click Print to view the form

TaxACT Desktop Return

  1. Click on Forms in the tool bar
  2. Expand the Federal folder, then expand the Worksheets folder
  3. Scroll down and double click Form 1040 Taxable Social Security - Social Security Benefits Worksheet 1
This worksheet is based on the worksheet in IRS Publication 915 Social Security and Equivalent Railroad Retirement Benefits.

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