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Some people who receive Social Security may
have to pay taxes on a portion of their benefits. If you’re one of
these individuals, a Social Security Benefit Statement (Form
SSA-1099) is an important tax document for you to have.
Social Security mailed the SSA-1099s for tax
year 2010 to all beneficiaries in January. If you receive Social
Security and need a replacement SSA-1099 for 2010 in order to file a
tax return, you can request it online at www.socialsecurity.gov/i1099.
The SSA-1099 shows the total amount of benefits
received in the previous year and is used to find out if any Social
Security benefits are subject to tax. The Federal tax laws about
Social Security benefits provide that:
* Up to 50 percent of Social Security
benefits may be subject to Federal income tax for individuals with a
combined income between $25,000 and $34,000, or for couples with a
combined income between $32,000 and $44,000; and
* Up to 85 percent of Social Security
benefits may be subject to Federal income tax for individuals with a
combined income above $34,000, or for couples with a combined income
above $44,000. (Note: “Combined income” means adjusted gross income,
plus nontaxable interest, plus one-half of Social Security
benefits.)
For more information on taxation of Social
Security benefits, visit the IRS website at www.irs.gov.
To request a replacement SSA-1099, visit
www.socialsecurity.gov/i1099.
By Judith Bartels
Social Security District Manager in
Springfield, IL
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