This form reports the total amount of benefits you received from Social Security in the previous year. If you have tax form SSA-1099 you can enter it under the "Income" section > "Retirement income" section.
Breaking down the boxes:
- Box 1: Social Security number.
- Box 2: Beneficiary's name — Your name or entity designated to receive the benefits or proceeds from a financial arrangement or contract.
- Box 3: Benefits paid in 20XX — The total amount of Social Security benefits received in the previous year.
- Box 4: Benefits repaid to SSA in 20XX — If you had to pay back some benefits to the SSA.
- Box 5: Net benefits for 20XX — This is Box 3 minus Box 4. It's the net amount of benefits you received after any repayments.
- Box 6: Voluntary federal income tax withheld — If you chose to have federal income tax withheld from your Social Security benefit.
- Box 7: Address — Your mailing address.
- Box 8: City, state, ZIP code — Your city, state, and ZIP code
You can request a copy of your SSA-1099 directly on the Social Security Administration website.