How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Megan C Your Own Question
Megan C
Megan C, Certified Public Accountant (CPA)
Category: Social Security
Satisfied Customers: 16547
Experience:  Licensed CPA, CMA, CFE, CGMA M.Accy Also Teach Accounting courses at Master's Level
23669918
Type Your Social Security Question Here...
Megan C is online now
A new question is answered every 9 seconds

I received social security benefits in 2015, but most of

Customer Question

I received social security benefits in 2015, but most of them were deducted (paid back to SS for overpayment due to me working. Do I have to claim the benefits as income if they were paid back to SS on my income tax?
Submitted: 9 months ago.
Category: Social Security
Expert:  Megan C replied 9 months ago.

Thanks for your question. If paid back this is not taxable. Do not pay tax on or claim the amount paid back on your tax return. Please let me know if you need anything additional. If not please rate positive.

Customer: replied 9 months ago.
to clarify: I received approximately $12000 and they deducted $11000. I should only claim I received $1000? Do I need to complete any other tax forms to explain why I'm only claiming I earned the $1000?
Expert:  Megan C replied 9 months ago.

That is correct -- social security will also communicate to the IRS that you paid that back, as well.

Please let me know if you need anything additional. If not, please rate positive.