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2008 Federal Tax Forms

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2008 Federal Tax Forms

2008 federal tax forms Index A Alimony paid, Alimony paid. 2008 federal tax forms Alimony received, Alimony received. 2008 federal tax forms Annulment, Divorce or separation. 2008 federal tax forms Assistance (see Tax help) B Basis of property, death of spouse, Death of spouse. 2008 federal tax forms Business expenses, Business and investment expenses. 2008 federal tax forms C Child tax credit, Child tax credit. 2008 federal tax forms Civil service annuities, Civil service retirement. 2008 federal tax forms Community income defined, Community or Separate Property and Income Community income, special rules, Certain community income not treated as community income by one spouse. 2008 federal tax forms Community property defined, Community or Separate Property and Income Community property laws disregarded, Community Property Laws Disregarded Credits Child tax credit, Credits, Taxes, and Payments Earned income credit, Earned income credit. 2008 federal tax forms CSRS annuities, Civil service retirement. 2008 federal tax forms D Death of spouse, basis of property, Death of spouse. 2008 federal tax forms Deductions Alimony paid, Deductions Business expenses, Deductions Investment expenses, Deductions IRA deduction, Deductions Personal expenses, Deductions Dependents, Exemptions Dividends, Dividends, interest, and rents. 2008 federal tax forms Divorce, Divorce or separation. 2008 federal tax forms Domestic partners, Registered domestic partners. 2008 federal tax forms Domicile, Domicile E Earned income credit, Earned income credit. 2008 federal tax forms End of the marital community, End of the Community Equitable relief, Equitable relief. 2008 federal tax forms ESA withdrawals, Withdrawals from individual retirement arrangements (IRAs) and Coverdell Education Savings Accounts (ESAs). 2008 federal tax forms Estimated tax payments, Estimated tax payments. 2008 federal tax forms Exempt income, Tax-exempt income. 2008 federal tax forms Exemptions Dependent, Exemptions Personal, Exemptions Extensions, Extension of time to file. 2008 federal tax forms F FERS annuities, Civil service retirement. 2008 federal tax forms Form 8958, Community or Separate Property and Income, Identifying Income, Deductions, and Credits, Dividends, interest, and rents. 2008 federal tax forms , Separate Return Preparation Free tax services, Free help with your tax return. 2008 federal tax forms G Gains and losses, Gains and losses. 2008 federal tax forms H Help (see Tax help) I Income Alimony received, Income Civil service annuities, Income Dividends, Income Gains and losses, Income Interest, Income IRA distributions, Income Lump-sum distributions, Income Military retirement pay, Income Partnership income, Income Pensions, Income Rents, Income Separate income, Income from separate property. 2008 federal tax forms Tax-exempt income, Income Wages, earnings, and profits, Income Innocent spouse relief, Relief from liability arising from community property law. 2008 federal tax forms , Equitable relief. 2008 federal tax forms Interest, Dividends, interest, and rents. 2008 federal tax forms Investment expenses, Business and investment expenses. 2008 federal tax forms IRA deduction, IRA deduction. 2008 federal tax forms IRA distributions, Withdrawals from individual retirement arrangements (IRAs) and Coverdell Education Savings Accounts (ESAs). 2008 federal tax forms J Joint return vs. 2008 federal tax forms separate returns, Joint Return Versus Separate Returns L Lump-sum distributions, Lump-sum distributions. 2008 federal tax forms M Military retirement pay, Military retirement pay. 2008 federal tax forms N Nonresident alien spouse, Nonresident alien spouse. 2008 federal tax forms O Overpayments, Overpayments. 2008 federal tax forms P Partnership income, Partnership income. 2008 federal tax forms Partnerships, self-employment tax, Partnerships. 2008 federal tax forms Payments Estimated tax payments, Estimated tax payments. 2008 federal tax forms Federal income tax withheld, Federal income tax withheld. 2008 federal tax forms Pensions, Pensions. 2008 federal tax forms Personal expenses, Personal expenses. 2008 federal tax forms Publications (see Tax help) R Registered domestic partners, Registered domestic partners. 2008 federal tax forms Relief from liability arising from community property law, Relief from liability arising from community property law. 2008 federal tax forms Rents, Dividends, interest, and rents. 2008 federal tax forms S Self-employment tax Partnership, Self-employment tax. 2008 federal tax forms Sole proprietorship, Self-employment tax. 2008 federal tax forms Separate income defined, Separate income. 2008 federal tax forms Separate property defined, Community or Separate Property and Income Separate property income, Income from separate property. 2008 federal tax forms Separate returns Extensions, Extension of time to file. 2008 federal tax forms Separate returns vs. 2008 federal tax forms joint return, Joint Return Versus Separate Returns Separated spouses, Spouses living apart all year. 2008 federal tax forms Separation agreement, Divorce or separation. 2008 federal tax forms Sole proprietorship, self-employment tax, Sole proprietorship. 2008 federal tax forms Spousal agreements, Spousal agreements. 2008 federal tax forms Spouses living apart, Spouses living apart all year. 2008 federal tax forms T Tax help, How To Get Tax Help Tax-exempt income, Tax-exempt income. 2008 federal tax forms TTY/TDD information, How To Get Tax Help W Wages, earnings, and profits, Wages, earnings, and profits. 2008 federal tax forms Withholding tax, Federal income tax withheld. 2008 federal tax forms Prev  Up     Home   More Online Publications
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Help for Victims of Ponzi Investment Schemes

 

The IRS provides two items of guidance to help taxpayers who are victims of losses from Ponzi-type investment schemes.

  • Revenue Ruling 2009-9 provides guidance on determining the amount and timing of losses from these schemes, which is difficult and dependent on the prospect of recovering the lost money (which may not become known for several years).

  • Revenue Procedure 2009-20 simplifies compliance for taxpayers by providing a safe-harbor means of determining the year in which the loss is deemed to occur and a simplified means of computing the amount of the loss.  

For an overview of this guidance, see IRS Commissioner Doug Shulman's March 17, 2009, testimony before the Senate Finance Committee on tax issues related to Ponzi schemes.

Questions and Answers

  • FAQs Related to Ponzi Scenarios for Clawback Treatment

  • Do you have questions on what to do if you've invested in a Ponzi scheme? If so, these questions and answers may help.

  • Do you have questions on what to do if you took a tax loss due to a Ponzi scheme investment but later recovered some of your investment? If so, these questions and answers on the tax treatment of distributions received from a trustee/receiver may help. A trustee or receiver may use this information to respond to questions from investors and may include a copy of these questions and answers with any distributions sent to investors.
Page Last Reviewed or Updated: 14-Mar-2014

The 2008 Federal Tax Forms

2008 federal tax forms 11. 2008 federal tax forms   Social Security and Equivalent Railroad Retirement Benefits Table of Contents Introduction Useful Items - You may want to see: Are Any of Your Benefits Taxable? How To Report Your BenefitsHow Much Is Taxable? Examples Deductions Related to Your BenefitsRepayments More Than Gross Benefits Introduction This chapter explains the federal income tax rules for social security benefits and equivalent tier 1 railroad retirement benefits. 2008 federal tax forms It explains the following topics. 2008 federal tax forms How to figure whether your benefits are taxable. 2008 federal tax forms How to use the social security benefits worksheet (with examples). 2008 federal tax forms How to report your taxable benefits. 2008 federal tax forms How to treat repayments that are more than the benefits you received during the year. 2008 federal tax forms Social security benefits include monthly retirement, survivor, and disability benefits. 2008 federal tax forms They do not include supplemental security income (SSI) payments, which are not taxable. 2008 federal tax forms Equivalent 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. 2008 federal tax forms They are commonly called the social security equivalent benefit (SSEB) portion of tier 1 benefits. 2008 federal tax forms If you received these benefits during 2013, you should have received a Form SSA-1099, Social Security Benefit Statement, or Form RRB-1099, Payments by the Railroad Retirement Board. 2008 federal tax forms These forms show the amounts received and repaid, and taxes withheld for the year. 2008 federal tax forms You may receive more than one of these forms for the same year. 2008 federal tax forms You should add the amounts shown on all the Forms SSA-1099 and Forms RRB-1099 you receive for the year to determine the total amounts received and repaid, and taxes withheld for that year. 2008 federal tax forms See the Appendix at the end of Publication 915 for more information. 2008 federal tax forms Note. 2008 federal tax forms When the term “benefits” is used in this chapter, it applies to both social security benefits and the SSEB portion of tier 1 railroad retirement benefits. 2008 federal tax forms What is not covered in this chapter. 2008 federal tax forms   This chapter does not cover the tax rules for the following railroad retirement benefits. 2008 federal tax forms Non-social security equivalent benefit (NSSEB) portion of tier 1 benefits. 2008 federal tax forms Tier 2 benefits. 2008 federal tax forms Vested dual benefits. 2008 federal tax forms Supplemental annuity benefits. 2008 federal tax forms For information on these benefits, see Publication 575, Pension and Annuity Income. 2008 federal tax forms   This chapter does not cover the tax rules for social security benefits reported on Form SSA-1042S, Social Security Benefit Statement, or Form RRB-1042S, Statement for Nonresident Alien Recipients of: Payments by the Railroad Retirement Board. 2008 federal tax forms For information about these benefits, see Publication 519, U. 2008 federal tax forms S. 2008 federal tax forms Tax Guide for Aliens, and Publication 915, Social Security and Equivalent Railroad Retirement Benefits. 2008 federal tax forms   This chapter also does not cover the tax rules for foreign social security benefits. 2008 federal tax forms These benefits are taxable as annuities, unless they are exempt from U. 2008 federal tax forms S. 2008 federal tax forms tax or treated as a U. 2008 federal tax forms S. 2008 federal tax forms social security benefit under a tax treaty. 2008 federal tax forms Useful Items - You may want to see: Publication 505 Tax Withholding and Estimated Tax 575 Pension and Annuity Income 590 Individual Retirement Arrangements (IRAs) 915 Social Security and Equivalent Railroad Retirement Benefits Forms (and Instructions) 1040-ES Estimated Tax for Individuals SSA-1099 Social Security Benefit Statement RRB-1099 Payments by the Railroad Retirement Board W-4V Voluntary Withholding Request Are Any of Your Benefits Taxable? To find out whether any of your benefits may be taxable, compare the base amount for your filing status with the total of: One-half of your benefits, plus All your other income, including tax-exempt interest. 2008 federal tax forms When making this comparison, do not reduce your other income by any exclusions for: Interest from qualified U. 2008 federal tax forms S. 2008 federal tax forms savings bonds, Employer-provided adoption benefits, Foreign earned income or foreign housing, or Income earned by bona fide residents of American Samoa or Puerto Rico. 2008 federal tax forms Children's benefits. 2008 federal tax forms   The rules in this chapter apply to benefits received by children. 2008 federal tax forms See Who is taxed , later. 2008 federal tax forms Figuring total income. 2008 federal tax forms   To figure the total of one-half of your benefits plus your other income, use Worksheet 11-1 later in this discussion. 2008 federal tax forms If the total is more than your base amount, part of your benefits may be taxable. 2008 federal tax forms    If you are married and file a joint return for 2013, you and your spouse must combine your incomes and your benefits to figure whether any of your combined benefits are taxable. 2008 federal tax forms Even if your spouse did not receive any benefits, you must add your spouse's income to yours to figure whether any of your benefits are taxable. 2008 federal tax forms    If the only income you received during 2013 was your social security or the SSEB portion of tier 1 railroad retirement benefits, your benefits generally are not taxable and you probably do not have to file a return. 2008 federal tax forms If you have income in addition to your benefits, you may have to file a return even if none of your benefits are taxable. 2008 federal tax forms Base amount. 2008 federal tax forms   Your base amount is: $25,000 if you are single, head of household, or qualifying widow(er), $25,000 if you are married filing separately and lived apart from your spouse for all of 2013, $32,000 if you are married filing jointly, or $-0- if you are married filing separately and lived with your spouse at any time during 2013. 2008 federal tax forms Worksheet 11-1. 2008 federal tax forms   You can use Worksheet 11-1 to figure the amount of income to compare with your base amount. 2008 federal tax forms This is a quick way to check whether some of your benefits may be taxable. 2008 federal tax forms Worksheet 11-1. 2008 federal tax forms A Quick Way To Check if Your Benefits May Be Taxable A. 2008 federal tax forms Enter the amount from box 5 of all your Forms SSA-1099 and RRB-1099. 2008 federal tax forms Include the full amount of any lump-sum benefit payments received in 2013, for 2013 and earlier years. 2008 federal tax forms (If you received more than one form, combine the amounts from box 5 and enter the total. 2008 federal tax forms ) A. 2008 federal tax forms   Note. 2008 federal tax forms If the amount on line A is zero or less, stop here; none of your benefits are taxable this year. 2008 federal tax forms B. 2008 federal tax forms Enter one-half of the amount on line A B. 2008 federal tax forms   C. 2008 federal tax forms Enter your taxable pensions, wages, interest, dividends, and other taxable income C. 2008 federal tax forms   D. 2008 federal tax forms Enter any tax-exempt interest income (such as interest on municipal bonds) plus any exclusions from income (listed earlier) D. 2008 federal tax forms   E. 2008 federal tax forms Add lines B, C, and D E. 2008 federal tax forms   Note. 2008 federal tax forms Compare the amount on line E to your base amount for your filing status. 2008 federal tax forms 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. 2008 federal tax forms If the amount on line E is more than your base amount, some of your benefits may be taxable. 2008 federal tax forms You need to complete Worksheet 1 in Publication 915 (or the Social Security Benefits Worksheet in your tax form instructions). 2008 federal tax forms If none of your benefits are taxable, but you otherwise must file a tax return, see Benefits not taxable , later, under How To Report Your Benefits. 2008 federal tax forms Example. 2008 federal tax forms You and your spouse (both over 65) are filing a joint return for 2013 and you both received social security benefits during the year. 2008 federal tax forms In January 2014, you received a Form SSA-1099 showing net benefits of $7,500 in box 5. 2008 federal tax forms Your spouse received a Form SSA-1099 showing net benefits of $3,500 in box 5. 2008 federal tax forms You also received a taxable pension of $22,800 and interest income of $500. 2008 federal tax forms You did not have any tax-exempt interest income. 2008 federal tax forms Your benefits are not taxable for 2013 because your income, as figured in Worksheet 11-1, is not more than your base amount ($32,000) for married filing jointly. 2008 federal tax forms Even though none of your benefits are taxable, you must file a return for 2013 because your taxable gross income ($23,300) exceeds the minimum filing requirement amount for your filing status. 2008 federal tax forms Filled-in Worksheet 11-1. 2008 federal tax forms A Quick Way To Check if Your Benefits May Be Taxable A. 2008 federal tax forms Enter the amount from box 5 of all your Forms SSA-1099 and RRB-1099. 2008 federal tax forms Include the full amount of any lump-sum benefit payments received in 2013, for 2013 and earlier years. 2008 federal tax forms (If you received more than one form, combine the amounts from box 5 and enter the total. 2008 federal tax forms ) A. 2008 federal tax forms $11,000 Note. 2008 federal tax forms If the amount on line A is zero or less, stop here; none of your benefits are taxable this year. 2008 federal tax forms B. 2008 federal tax forms Enter one-half of the amount on line A B. 2008 federal tax forms 5,500 C. 2008 federal tax forms Enter your taxable pensions, wages, interest, dividends, and other taxable income C. 2008 federal tax forms 23,300 D. 2008 federal tax forms Enter any tax-exempt interest income (such as interest on municipal bonds) plus any exclusions from income (listed earlier) D. 2008 federal tax forms -0- E. 2008 federal tax forms Add lines B, C, and D E. 2008 federal tax forms $28,800 Note. 2008 federal tax forms Compare the amount on line E to your base amount for your filing status. 2008 federal tax forms 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. 2008 federal tax forms If the amount on line E is more than your base amount, some of your benefits may be taxable. 2008 federal tax forms You need to complete Worksheet 1 in Publication 915 (or the Social Security Benefits Worksheet in your tax form instructions). 2008 federal tax forms If none of your benefits are taxable, but you otherwise must file a tax return, see Benefits not taxable , later, under How To Report Your Benefits. 2008 federal tax forms Who is taxed. 2008 federal tax forms   Benefits are included in the taxable income (to the extent they are taxable) of the person who has the legal right to receive the benefits. 2008 federal tax forms For example, if you and your child receive benefits, but the check for your child is made out in your name, you must use only your part of the benefits to see whether any benefits are taxable to you. 2008 federal tax forms One-half of the part that belongs to your child must be added to your child's other income to see whether any of those benefits are taxable to your child. 2008 federal tax forms Repayment of benefits. 2008 federal tax forms   Any repayment of benefits you made during 2013 must be subtracted from the gross benefits you received in 2013. 2008 federal tax forms It does not matter whether the repayment was for a benefit you received in 2013 or in an earlier year. 2008 federal tax forms If you repaid more than the gross benefits you received in 2013, see Repayments More Than Gross Benefits , later. 2008 federal tax forms   Your gross benefits are shown in box 3 of Form SSA-1099 or RRB-1099. 2008 federal tax forms Your repayments are shown in box 4. 2008 federal tax forms The amount in box 5 shows your net benefits for 2013 (box 3 minus box 4). 2008 federal tax forms Use the amount in box 5 to figure whether any of your benefits are taxable. 2008 federal tax forms Tax withholding and estimated tax. 2008 federal tax forms   You can choose to have federal income tax withheld from your social security benefits and/or the SSEB portion of your tier 1 railroad retirement benefits. 2008 federal tax forms If you choose to do this, you must complete a Form W-4V. 2008 federal tax forms   If you do not choose to have income tax withheld, you may have to request additional withholding from other income or pay estimated tax during the year. 2008 federal tax forms For details, see Publication 505 or the instructions for Form 1040-ES. 2008 federal tax forms How To Report Your Benefits If part of your benefits are taxable, you must use Form 1040 or Form 1040A. 2008 federal tax forms You cannot use Form 1040EZ. 2008 federal tax forms Reporting on Form 1040. 2008 federal tax forms   Report your net benefits (the total amount from box 5 of all your Forms SSA-1099 and Forms RRB-1099) on line 20a and the taxable part on line 20b. 2008 federal tax forms If you are married filing separately and you lived apart from your spouse for all of 2013, also enter “D” to the right of the word “benefits” on line 20a. 2008 federal tax forms Reporting on Form 1040A. 2008 federal tax forms   Report your net benefits (the total amount from box 5 of all your Forms SSA-1099 and Forms RRB-1099) on line 14a and the taxable part on line 14b. 2008 federal tax forms If you are married filing separately and you lived apart from your spouse for all of 2013, also enter “D” to the right of the word “benefits” on line 14a. 2008 federal tax forms Benefits not taxable. 2008 federal tax forms   If you are filing Form 1040EZ, do not report any benefits on your tax return. 2008 federal tax forms If you are filing Form 1040 or Form 1040A, report your net benefits (the total amount from box 5 of all your Forms SSA-1099 and Forms RRB-1099) on Form 1040, line 20a, or Form 1040A, line 14a. 2008 federal tax forms Enter -0- on Form 1040, line 20b, or Form 1040A, line 14b. 2008 federal tax forms If you are married filing separately and you lived apart from your spouse for all of 2013, also enter “D” to the right of the word “benefits” on Form 1040, line 20a, or Form 1040A, line 14a. 2008 federal tax forms How Much Is Taxable? If part of your benefits are taxable, how much is taxable depends on the total amount of your benefits and other income. 2008 federal tax forms Generally, the higher that total amount, the greater the taxable part of your benefits. 2008 federal tax forms Maximum taxable part. 2008 federal tax forms   Generally, up to 50% of your benefits will be taxable. 2008 federal tax forms However, up to 85% of your benefits can be taxable if either of the following situations applies to you. 2008 federal tax forms The total of one-half of your benefits and all your other income is more than $34,000 ($44,000 if you are married filing jointly). 2008 federal tax forms You are married filing separately and lived with your spouse at any time during 2013. 2008 federal tax forms Which worksheet to use. 2008 federal tax forms   A worksheet you can use to figure your taxable benefits is in the instructions for your Form 1040 or Form 1040A. 2008 federal tax forms You can use either that worksheet or Worksheet 1 in Publication 915, unless any of the following situations applies to you. 2008 federal tax forms You contributed to a traditional individual retirement arrangement (IRA) and you or your spouse is covered by a retirement plan at work. 2008 federal tax forms In this situation, you must use the special worksheets in Appendix B of Publication 590 to figure both your IRA deduction and your taxable benefits. 2008 federal tax forms Situation (1) does not apply and you take an exclusion for interest from qualified U. 2008 federal tax forms S. 2008 federal tax forms savings bonds (Form 8815), for adoption benefits (Form 8839), for foreign earned income or housing (Form 2555 or Form 2555-EZ), or for income earned in American Samoa (Form 4563) or Puerto Rico by bona fide residents. 2008 federal tax forms In this situation, you must use Worksheet 1 in Publication 915 to figure your taxable benefits. 2008 federal tax forms You received a lump-sum payment for an earlier year. 2008 federal tax forms In this situation, also complete Worksheet 2 or 3 and Worksheet 4 in Publication 915. 2008 federal tax forms See Lump-sum election next. 2008 federal tax forms Lump-sum election. 2008 federal tax forms   You must include the taxable part of a lump-sum (retroactive) payment of benefits received in 2013 in your 2013 income, even if the payment includes benefits for an earlier year. 2008 federal tax forms    This type of lump-sum benefit payment should not be confused with the lump-sum death benefit that both the SSA and RRB pay to many of their beneficiaries. 2008 federal tax forms No part of the lump-sum death benefit is subject to tax. 2008 federal tax forms   Generally, you use your 2013 income to figure the taxable part of the total benefits received in 2013. 2008 federal tax forms However, you may be able to figure the taxable part of a lump-sum payment for an earlier year separately, using your income for the earlier year. 2008 federal tax forms You can elect this method if it lowers your taxable benefits. 2008 federal tax forms Making the election. 2008 federal tax forms   If you received a lump-sum benefit payment in 2013 that includes benefits for one or more earlier years, follow the instructions in Publication 915 under Lump-Sum Election to see whether making the election will lower your taxable benefits. 2008 federal tax forms That discussion also explains how to make the election. 2008 federal tax forms    Because the earlier year's taxable benefits are included in your 2013 income, no adjustment is made to the earlier year's return. 2008 federal tax forms Do not file an amended return for the earlier year. 2008 federal tax forms Examples The following are a few examples you can use as a guide to figure the taxable part of your benefits. 2008 federal tax forms Example 1. 2008 federal tax forms George White is single and files Form 1040 for 2013. 2008 federal tax forms He received the following income in 2013: Fully taxable pension $18,600 Wages from part-time job 9,400 Taxable interest income 990 Total $28,990 George also received social security benefits during 2013. 2008 federal tax forms The Form SSA-1099 he received in January 2014 shows $5,980 in box 5. 2008 federal tax forms To figure his taxable benefits, George completes the worksheet shown here. 2008 federal tax forms Filled-in Worksheet 1. 2008 federal tax forms Figuring Your Taxable Benefits 1. 2008 federal tax forms Enter the total amount from box 5 of ALL your Forms SSA-1099 and RRB-1099. 2008 federal tax forms Also enter this amount on Form 1040, line 20a, or Form 1040A, line 14a $5,980 2. 2008 federal tax forms Enter one-half of line 1 2,990 3. 2008 federal tax forms Combine the amounts from:     Form 1040: Lines 7, 8a, 9a, 10 through 14, 15b, 16b, 17 through 19, and 21. 2008 federal tax forms     Form 1040A: Lines 7, 8a, 9a, 10, 11b, 12b, and 13 28,990 4. 2008 federal tax forms Enter the amount, if any, from Form 1040 or 1040A, line 8b -0-       5. 2008 federal tax forms Enter the total of any exclusions/adjustments for: Adoption benefits (Form 8839, line 28), Foreign earned income or housing (Form 2555, lines 45 and 50, or Form 2555-EZ, line 18), and Certain income of bona fide residents of American Samoa (Form 4563, line 15) or Puerto Rico -0-       6. 2008 federal tax forms Combine lines 2, 3, 4, and 5 31,980 7. 2008 federal tax forms Form 1040 filers: Enter the amount from Form 1040, lines 23 through 32, and any write-in adjustments you entered on the dotted line next to line 36. 2008 federal tax forms     Form 1040A filers: Enter the amount from Form 1040A, lines 16 and 17 -0- 8. 2008 federal tax forms Is the amount on line 7 less than the amount on line 6?     No. 2008 federal tax forms None of your social security benefits are taxable. 2008 federal tax forms Enter -0- on Form 1040, line 20b, or Form 1040A, line 14b. 2008 federal tax forms   Yes. 2008 federal tax forms Subtract line 7 from line 6 31,980 9. 2008 federal tax forms If you are: Married filing jointly, enter $32,000 Single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013, enter $25,000 25,000   Note. 2008 federal tax forms If you are married filing separately and you lived with your spouse at any time in 2013, skip lines 9 through 16; multiply line 8 by 85% (. 2008 federal tax forms 85) and enter the result on line 17. 2008 federal tax forms Then go to line 18. 2008 federal tax forms   10. 2008 federal tax forms Is the amount on line 9 less than the amount on line 8?     No. 2008 federal tax forms None of your benefits are taxable. 2008 federal tax forms Enter -0- on Form 1040, line 20b, or on Form 1040A, line 14b. 2008 federal tax forms If you are married filing separately and you lived apart from your spouse for all of 2013, be sure you entered “D” to the right of the word “benefits” on Form 1040, line 20a, or on Form 1040A, line 14a. 2008 federal tax forms     Yes. 2008 federal tax forms Subtract line 9 from line 8 6,980 11. 2008 federal tax forms Enter $12,000 if married filing jointly; $9,000 if single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013 9,000 12. 2008 federal tax forms Subtract line 11 from line 10. 2008 federal tax forms If zero or less, enter -0- -0- 13. 2008 federal tax forms Enter the smaller of line 10 or line 11 6,980 14. 2008 federal tax forms Enter one-half of line 13 3,490 15. 2008 federal tax forms Enter the smaller of line 2 or line 14 2,990 16. 2008 federal tax forms Multiply line 12 by 85% (. 2008 federal tax forms 85). 2008 federal tax forms If line 12 is zero, enter -0- -0- 17. 2008 federal tax forms Add lines 15 and 16 2,990 18. 2008 federal tax forms Multiply line 1 by 85% (. 2008 federal tax forms 85) 5,083 19. 2008 federal tax forms Taxable benefits. 2008 federal tax forms Enter the smaller of line 17 or line 18. 2008 federal tax forms Also enter this amount on Form 1040, line 20b, or Form 1040A, line 14b $2,990 The amount on line 19 of George's worksheet shows that $2,990 of his social security benefits is taxable. 2008 federal tax forms On line 20a of his Form 1040, George enters his net benefits of $5,980. 2008 federal tax forms On line 20b, he enters his taxable benefits of $2,990. 2008 federal tax forms Example 2. 2008 federal tax forms Ray and Alice Hopkins file a joint return on Form 1040A for 2013. 2008 federal tax forms Ray is retired and received a fully taxable pension of $15,500. 2008 federal tax forms He also received social security benefits, and his Form SSA-1099 for 2013 shows net benefits of $5,600 in box 5. 2008 federal tax forms Alice worked during the year and had wages of $14,000. 2008 federal tax forms She made a deductible payment to her IRA account of $1,000. 2008 federal tax forms Ray and Alice have two savings accounts with a total of $250 in taxable interest income. 2008 federal tax forms They complete Worksheet 1, entering $29,750 ($15,500 + $14,000 + $250) on line 3. 2008 federal tax forms They find none of Ray's social security benefits are taxable. 2008 federal tax forms On Form 1040A, they enter $5,600 on line 14a and -0- on line 14b. 2008 federal tax forms Filled-in Worksheet 1. 2008 federal tax forms Figuring Your Taxable Benefits 1. 2008 federal tax forms Enter the total amount from box 5 of ALL your Forms SSA-1099 and RRB-1099. 2008 federal tax forms Also enter this amount on Form 1040, line 20a, or Form 1040A, line 14a $5,600 2. 2008 federal tax forms Enter one-half of line 1 2,800 3. 2008 federal tax forms Combine the amounts from:     Form 1040: Lines 7, 8a, 9a, 10 through 14, 15b, 16b, 17 through 19, and 21. 2008 federal tax forms     Form 1040A: Lines 7, 8a, 9a, 10, 11b, 12b, and 13 29,750 4. 2008 federal tax forms Enter the amount, if any, from Form 1040 or 1040A, line 8b -0-       5. 2008 federal tax forms Enter the total of any exclusions/adjustments for: Adoption benefits (Form 8839, line 28), Foreign earned income or housing (Form 2555, lines 45 and 50, or Form 2555-EZ, line 18), and Certain income of bona fide residents of American Samoa (Form 4563, line 15) or Puerto Rico -0-       6. 2008 federal tax forms Combine lines 2, 3, 4, and 5 32,550 7. 2008 federal tax forms Form 1040 filers: Enter the amount from Form 1040, lines 23 through 32, and any write-in adjustments you entered on the dotted line next to line 36. 2008 federal tax forms     Form 1040A filers: Enter the amount from Form 1040A, lines 16 and 17 1,000 8. 2008 federal tax forms Is the amount on line 7 less than the amount on line 6?     No. 2008 federal tax forms None of your social security benefits are taxable. 2008 federal tax forms Enter -0- on Form 1040, line 20b, or Form 1040A, line 14b. 2008 federal tax forms   Yes. 2008 federal tax forms Subtract line 7 from line 6 31,550 9. 2008 federal tax forms If you are: Married filing jointly, enter $32,000 Single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013, enter $25,000 32,000   Note. 2008 federal tax forms If you are married filing separately and you lived with your spouse at any time in 2013, skip lines 9 through 16; multiply line 8 by 85% (. 2008 federal tax forms 85) and enter the result on line 17. 2008 federal tax forms Then go to line 18. 2008 federal tax forms   10. 2008 federal tax forms Is the amount on line 9 less than the amount on line 8?     No. 2008 federal tax forms None of your benefits are taxable. 2008 federal tax forms Enter -0- on Form 1040, line 20b, or on Form 1040A, line 14b. 2008 federal tax forms If you are married filing separately and you lived apart from your spouse for all of 2013, be sure you entered “D” to the right of the word “benefits” on Form 1040, line 20a, or on Form 1040A, line 14a. 2008 federal tax forms     Yes. 2008 federal tax forms Subtract line 9 from line 8   11. 2008 federal tax forms Enter $12,000 if married filing jointly; $9,000 if single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013   12. 2008 federal tax forms Subtract line 11 from line 10. 2008 federal tax forms If zero or less, enter -0-   13. 2008 federal tax forms Enter the smaller of line 10 or line 11   14. 2008 federal tax forms Enter one-half of line 13   15. 2008 federal tax forms Enter the smaller of line 2 or line 14   16. 2008 federal tax forms Multiply line 12 by 85% (. 2008 federal tax forms 85). 2008 federal tax forms If line 12 is zero, enter -0-   17. 2008 federal tax forms Add lines 15 and 16   18. 2008 federal tax forms Multiply line 1 by 85% (. 2008 federal tax forms 85)   19. 2008 federal tax forms Taxable benefits. 2008 federal tax forms Enter the smaller of line 17 or line 18. 2008 federal tax forms Also enter this amount on Form 1040, line 20b, or Form 1040A, line 14b   Example 3. 2008 federal tax forms Joe and Betty Johnson file a joint return on Form 1040 for 2013. 2008 federal tax forms Joe is a retired railroad worker and in 2013 received the social security equivalent benefit (SSEB) portion of tier 1 railroad retirement benefits. 2008 federal tax forms Joe's Form RRB-1099 shows $10,000 in box 5. 2008 federal tax forms Betty is a retired government worker and receives a fully taxable pension of $38,000. 2008 federal tax forms They had $2,300 in taxable interest income plus interest of $200 on a qualified U. 2008 federal tax forms S. 2008 federal tax forms savings bond. 2008 federal tax forms The savings bond interest qualified for the exclusion. 2008 federal tax forms They figure their taxable benefits by completing Worksheet 1. 2008 federal tax forms Because they have qualified U. 2008 federal tax forms S. 2008 federal tax forms savings bond interest, they follow the note at the beginning of the worksheet and use the amount from line 2 of their Schedule B (Form 1040A or 1040) on line 3 of the worksheet instead of the amount from line 8a of their Form 1040. 2008 federal tax forms On line 3 of the worksheet, they enter $40,500 ($38,000 + $2,500). 2008 federal tax forms Filled-in Worksheet 1. 2008 federal tax forms Figuring Your Taxable Benefits Before you begin: • If you are married filing separately and you lived apart from your spouse for all of 2013, enter “D” to the right of the word “benefits” on Form 1040, line 20a, or Form 1040A, line 14a. 2008 federal tax forms • Do not use this worksheet if you repaid benefits in 2013 and your total repayments (box 4 of Forms SSA-1099 and RRB-1099) were more than your gross benefits for 2013 (box 3 of Forms SSA-1099 and RRB-1099). 2008 federal tax forms None of your benefits are taxable for 2013. 2008 federal tax forms For more information, see Repayments More Than Gross Benefits. 2008 federal tax forms • If you are filing Form 8815, Exclusion of Interest From Series EE and I U. 2008 federal tax forms S. 2008 federal tax forms Savings Bonds Issued After 1989, do not include the amount from line 8a of Form 1040 or Form 1040A on line 3 of this worksheet. 2008 federal tax forms Instead, include the amount from Schedule B (Form 1040A or 1040), line 2. 2008 federal tax forms 1. 2008 federal tax forms Enter the total amount from box 5 of ALL your Forms SSA-1099 and RRB-1099. 2008 federal tax forms Also enter this amount on Form 1040, line 20a, or Form 1040A, line 14a $10,000 2. 2008 federal tax forms Enter one-half of line 1 5,000 3. 2008 federal tax forms Combine the amounts from:     Form 1040: Lines 7, 8a, 9a, 10 through 14, 15b, 16b, 17 through 19, and 21. 2008 federal tax forms     Form 1040A: Lines 7, 8a, 9a, 10, 11b, 12b, and 13 40,500 4. 2008 federal tax forms Enter the amount, if any, from Form 1040 or 1040A, line 8b -0-       5. 2008 federal tax forms Enter the total of any exclusions/adjustments for: Adoption benefits (Form 8839, line 28), Foreign earned income or housing (Form 2555, lines 45 and 50, or Form 2555-EZ, line 18), and Certain income of bona fide residents of American Samoa (Form 4563, line 15) or Puerto Rico -0-       6. 2008 federal tax forms Combine lines 2, 3, 4, and 5 45,500 7. 2008 federal tax forms Form 1040 filers: Enter the amount from Form 1040, lines 23 through 32, and any write-in adjustments you entered on the dotted line next to line 36. 2008 federal tax forms     Form 1040A filers: Enter the amount from Form 1040A, lines 16 and 17 -0- 8. 2008 federal tax forms Is the amount on line 7 less than the amount on line 6?     No. 2008 federal tax forms None of your social security benefits are taxable. 2008 federal tax forms Enter -0- on Form 1040, line 20b, or Form 1040A, line 14b. 2008 federal tax forms   Yes. 2008 federal tax forms Subtract line 7 from line 6 45,500 9. 2008 federal tax forms If you are: Married filing jointly, enter $32,000 Single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013, enter $25,000 32,000   Note. 2008 federal tax forms If you are married filing separately and you lived with your spouse at any time in 2013, skip lines 9 through 16; multiply line 8 by 85% (. 2008 federal tax forms 85) and enter the result on line 17. 2008 federal tax forms Then go to line 18. 2008 federal tax forms   10. 2008 federal tax forms Is the amount on line 9 less than the amount on line 8?     No. 2008 federal tax forms None of your benefits are taxable. 2008 federal tax forms Enter -0- on Form 1040, line 20b, or on Form 1040A, line 14b. 2008 federal tax forms If you are married filing separately and you lived apart from your spouse for all of 2013, be sure you entered “D” to the right of the word “benefits” on Form 1040, line 20a, or on Form 1040A, line 14a. 2008 federal tax forms     Yes. 2008 federal tax forms Subtract line 9 from line 8 13,500 11. 2008 federal tax forms Enter $12,000 if married filing jointly; $9,000 if single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013 12,000 12. 2008 federal tax forms Subtract line 11 from line 10. 2008 federal tax forms If zero or less, enter -0- 1,500 13. 2008 federal tax forms Enter the smaller of line 10 or line 11 12,000 14. 2008 federal tax forms Enter one-half of line 13 6,000 15. 2008 federal tax forms Enter the smaller of line 2 or line 14 5,000 16. 2008 federal tax forms Multiply line 12 by 85% (. 2008 federal tax forms 85). 2008 federal tax forms If line 12 is zero, enter -0- 1,275 17. 2008 federal tax forms Add lines 15 and 16 6,275 18. 2008 federal tax forms Multiply line 1 by 85% (. 2008 federal tax forms 85) 8,500 19. 2008 federal tax forms Taxable benefits. 2008 federal tax forms Enter the smaller of line 17 or line 18. 2008 federal tax forms Also enter this amount on Form 1040, line 20b, or Form 1040A, line 14b $6,275 More than 50% of Joe's net benefits are taxable because the income on line 8 of the worksheet ($45,500) is more than $44,000. 2008 federal tax forms Joe and Betty enter $10,000 on Form 1040, line 20a, and $6,275 on Form 1040, line 20b. 2008 federal tax forms Deductions Related to Your Benefits You may be entitled to deduct certain amounts related to the benefits you receive. 2008 federal tax forms Disability payments. 2008 federal tax forms   You may have received disability payments from your employer or an insurance company that you included as income on your tax return in an earlier year. 2008 federal tax forms If you received a lump-sum payment from SSA or RRB, and you had to repay the employer or insurance company for the disability payments, you can take an itemized deduction for the part of the payments you included in gross income in the earlier year. 2008 federal tax forms If the amount you repay is more than $3,000, you may be able to claim a tax credit instead. 2008 federal tax forms Claim the deduction or credit in the same way explained under Repayments More Than Gross Benefits , later. 2008 federal tax forms Legal expenses. 2008 federal tax forms   You can usually deduct legal expenses that you pay or incur to produce or collect taxable income or in connection with the determination, collection, or refund of any tax. 2008 federal tax forms   Legal expenses for collecting the taxable part of your benefits are deductible as a miscellaneous itemized deduction on Schedule A (Form 1040), line 23. 2008 federal tax forms Repayments More Than Gross Benefits In some situations, your Form SSA-1099 or Form RRB-1099 will show that the total benefits you repaid (box 4) are more than the gross benefits (box 3) you received. 2008 federal tax forms If this occurred, your net benefits in box 5 will be a negative figure (a figure in parentheses) and none of your benefits will be taxable. 2008 federal tax forms Do not use a worksheet in this case. 2008 federal tax forms If you receive more than one form, a negative figure in box 5 of one form is used to offset a positive figure in box 5 of another form for that same year. 2008 federal tax forms If you have any questions about this negative figure, contact your local SSA office or your local RRB field office. 2008 federal tax forms Joint return. 2008 federal tax forms   If you and your spouse file a joint return, and your Form SSA-1099 or RRB-1099 has a negative figure in box 5, but your spouse's does not, subtract the amount in box 5 of your form from the amount in box 5 of your spouse's form. 2008 federal tax forms You do this to get your net benefits when figuring if your combined benefits are taxable. 2008 federal tax forms Example. 2008 federal tax forms John and Mary file a joint return for 2013. 2008 federal tax forms John received Form SSA-1099 showing $3,000 in box 5. 2008 federal tax forms Mary also received Form SSA-1099 and the amount in box 5 was ($500). 2008 federal tax forms John and Mary will use $2,500 ($3,000 minus $500) as the amount of their net benefits when figuring if any of their combined benefits are taxable. 2008 federal tax forms Repayment of benefits received in an earlier year. 2008 federal tax forms   If the total amount shown in box 5 of all of your Forms SSA-1099 and RRB-1099 is a negative figure, you can take an itemized deduction for the part of this negative figure that represents benefits you included in gross income in an earlier year. 2008 federal tax forms Deduction $3,000 or less. 2008 federal tax forms   If this deduction is $3,000 or less, it is subject to the 2%-of-adjusted-gross-income limit that applies to certain miscellaneous itemized deductions. 2008 federal tax forms Claim it on Schedule A (Form 1040), line 23. 2008 federal tax forms Deduction more than $3,000. 2008 federal tax forms    If this deduction is more than $3,000, you should figure your tax two ways: Figure your tax for 2013 with the itemized deduction included on Schedule A, line 28. 2008 federal tax forms Figure your tax for 2013 in the following steps. 2008 federal tax forms Figure the tax without the itemized deduction included on Schedule A, line 28. 2008 federal tax forms For each year after 1983 for which part of the negative figure represents a repayment of benefits, refigure your taxable benefits as if your total benefits for the year were reduced by that part of the negative figure. 2008 federal tax forms Then refigure the tax for that year. 2008 federal tax forms Subtract the total of the refigured tax amounts in (b) from the total of your actual tax amounts. 2008 federal tax forms Subtract the result in (c) from the result in (a). 2008 federal tax forms Compare the tax figured in methods (1) and (2). 2008 federal tax forms Your tax for 2013 is the smaller of the two amounts. 2008 federal tax forms If method (1) results in less tax, take the itemized deduction on Schedule A (Form 1040), line 28. 2008 federal tax forms If method (2) results in less tax, claim a credit for the amount from step 2(c) above on Form 1040, line 71. 2008 federal tax forms Check box d and enter “I. 2008 federal tax forms R. 2008 federal tax forms C. 2008 federal tax forms 1341” in the space next to that box. 2008 federal tax forms If both methods produce the same tax, deduct the repayment on Schedule A (Form 1040), line 28. 2008 federal tax forms Prev  Up  Next   Home   More Online Publications