Ask Larry

Are My Tax Calculations Accurate?

Hello sir; my wife retired last year and when doing our taxes, I entered the amount on her SSS-1099. It took us from a plus to owing 1850.00. this despite that doing the math on the back of the form was less than 32,000.
A: 13296. X .50 = B: 6648.00..C: 19981.38 E: 26,629.36. Any help is greatly appreciated. Jim

Hi Jim. I'm sorry, but my expertise is limited to Social Security benefits, not income tax regulations. You'll need to either consult a tax expert or the IRS if you have questions about your income taxes.

Best, Jerry

Mar 14 2023 - 1:14pm
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