File Social Security Taxes

Thanks to the Internet, you have several options when it comes time to file social security taxes. A variety of tax software is available, which makes doing your taxes so much easier, and allows you to file your return electronically. You can also file your return electronically without purchasing any software, beginning at www.ssa.gov. Either way, filing electronically means no paperwork at all. Additionally, you may request direct deposit for your refund, if any, putting your money into your hands much faster. Many people prefer electronic filing because the software does much of the computing for you, which can certainly cut down on the frustration of understanding the myriad tax forms you must use when completing your taxes on paper.

Fast Facts

  • If you repaid more benefits in the previous year than you received, your benefits are not taxable
  • Be sure to subtract any Medicare premiums paid to reduce your total taxable Social Security income

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