Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

This answer was rated:

I hope so. My husband is a railroad retiree and we can't…

I hope so....

I hope so. My husband is a railroad retiree and we can't figure out the non-taxable amount of line 12a, form 1040a to enter on line 12b.. The amount on line 12a is $37788.

Accountant's Assistant: The Accountant will know how to help. Please tell me more, so we can help you best.

Line 12a is his and my railroad pension combined. The instructions to fine the amount refer to a General Rule and a Simplified rule. This amount is pension only and no annuities.

Accountant's Assistant: Is there anything else the Accountant should be aware of?

Not to our knowledge. Last years taxable amount was $1951. less of $37737. if that gives you a starting point Thanks

Show More
Show Less
Ask Your Own Tax Question
Customer reply replied 4 months ago
Is there any thing else that I can add in order to help you find answers?
Answered in 4 hours by:
3/13/2018
Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 33,139
Experience: Taxes, Immigration, Labor Relations
Verified

That taxable part is based on other taxable income.

Please let me know what are other taxable income items?

I will help you with calculations.

Ask Your Own Tax Question
Customer reply replied 4 months ago
Is there a way that we can resume this conversation tomorrow? It is 1:07 a.m and we have been trying to figure this since 8:00 p.m.
Debra
Customer reply replied 4 months ago
I can scan my 1099s tomorrow and send them directly to you. Maybe you will be able to tell more by seeing them than by my trying to tell you what they say.

I appreciate any information.

You may upload your forms here - but be sure to blank out any personal information.

What I need to know

- a list of your income items - and amounts

- your and your spouse's age

any other income you have?

We may continue conversation as long as needed.

Ask Your Own Tax Question
Customer reply replied 4 months ago
Finally had a few minutes to sit down and do this!
Two files are attached...both of our RR 1099's.
Steve and I are both 65, but, if it matters, I will be 66 on Sunday.
The only other income is $68.00 in interest from "The Morton Family Partnership" which consists of Steve and his 5 siblings.
Not a lot of stuff to deal with, but Steve being a railroad retiree it really messes with our taxes since he turned 62. If there is any way you can explain to us about how to find this non-taxable amount for me to do this myself. It would save us lots of money not going to an expensive tax preparer. All they tell us....we use a special program that the general public can't use, so your only avenue is to use us. Is there something we can purchase or information that you can relay that will help us. I've done some very complicated returns over the last 42 years of marriage and this is the first one that I haven't been able to conquer ! Thank you for your help.

The only other income is $68.00 in interest from "The Morton Family Partnership"
-->> will go to form 1040A line 8a
.
Amounts reported on RRB-1099 are social security equvalent.
from box 5 -->> 9612 (Debra) + 20,004 (Steve) = 29,616 -->> will go to form 1040A line 14a
.
Amounts reported on RRB-1099-R are amounts received from a qualified employee plan
from box 7 -->> 12035 (Debra) + 25753 (Steve) = 37,788
+ from box 6 Supplemental Annuity - It is fully taxable -->> 516 (Steve)
= 38,304 -->> will go to form 1040A line 12a
.
Federal income tax withheld
from box 9 -->> 336 (Debra) + 1716 (Steve) = 2,052 -->> will go to form 1040A line 40
.
from box 3 -->> 58525 (Steve) - this amount is the employee's cost that we should use to figure the tax-free part of tier 2 benefit
We need to know when Steve started his benefits - if he started at 62 - we will need to use 260 months
58525 / 260 = 225
* 12 = 2701 - that is nontaxable portion of his benefits.
So - 38,304 - 2701 = 35603 -->> will go to form 1040A line 12b

I think that is the most complicated issue on your tax return.
.

Your AGI - adjusted gross income on line 21 should be $47,178
Let me know if you need any further help.
.
I appreciate if you take a moment to rate the answer.
Experts are ONLY credited when answers are rated positively.
If you still have any doubts, need clarification - please be sure to ask.
I am here to help you with all Social Security / Tax related issues.

Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 33,139
Experience: Taxes, Immigration, Labor Relations
Verified
Lev and 87 other Tax Specialists are ready to help you
Ask your own question now
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a tax professionalLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Lev Your Own Question
Lev
Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 33,139
33,139 Satisfied Customers
Experience: Taxes, Immigration, Labor Relations

Lev is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,512 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,569 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Related Tax Questions
I have a short term disability claim. Should I put that
I have a short term disability claim. Should I put that income in my tax filing? … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,139 satisfied customers
2015 1040A showed my pensions as 30088.00 line showed
2015 1040A showed my pensions as 30088.00 line b showed 28003.00, 2016 showed nothing on line a but on line b was 29088.00 plus 300.00 frominvestment account. Why the difference. … read more
ABC Accounting Group
ABC Accounting Group
Bachelor\u0027s Degree
848 satisfied customers
I filed my tax return using Turbo Tax, and I'm not sure it
I filed my tax return using Turbo Tax, and I'm not sure it was accurate. On 1040A, the printed form doesn't show my Social Security benefit, nor my pension and annuities. The return was already submit… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Last year, and previous years, I have received 1099r forms
Last year, and previous years, I have received 1099r forms with unknown in section 2a, taxable amount. I retired on a disability in 1990 from the Post Office. Am I liable for any taxes on the amount o… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I received a letter from the IRS stating I owed $1,596 on my
I received a letter from the IRS stating I owed $1,596 on my 2010 return. The problem is with my 1099-R's. They say the amount reported to the IRS was $18,555 and the amount included on my return was … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,139 satisfied customers
I am a retired police office that was totally disabled. I recieve
I am a retired police office that was totally disabled. I recieve money from a privately purchased disability policy (34,000) and a dsitribution of 11,000 from my Policemen's Annuity and Benefit Fund.… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
what is the legal retirement age to consider my disability
what is the legal retirement age to consider my disability civil service annuity non-taxable. i'll be 60 years of age july 2011.… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,139 satisfied customers
I was involved in a head on collision in 1993 and had to retire
I was involved in a head on collision in 1993 and had to retire on disabilty retirement from the US postal service. I worked as a letter sorting machine operator and could no longer perform the duties… read more
Charles Greiner
Charles Greiner
Owner
Bachelor's Degree
2,436 satisfied customers
I filed both my 2008 and 2009 taxes on line with TaxAct. Both
I filed both my 2008 and 2009 taxes on line with TaxAct. Both years I entered my Pensions and Annuities on Form 1040A line 12a. On my 2008 tax form nothing printed out on line 12b (taxable amount) but… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
A TAXPAYER AGED 62, COLLECTING EARLY SOCIAL SECURITY, RECEIVED
A TAXPAYER AGED 62, COLLECTING EARLY SOCIAL SECURITY, RECEIVED DISABILITY PAYMENTS FROM A HEALTH INSURANCE POLICY DURING A PREVIOUS TAX YEAR. TAXPAYER'S TAXPREPARER INCORRECTLY REPORTED THE DISABILITY… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,139 satisfied customers
I retired as a GS-13/civil service/IN&S Criminal Investigator
I retired as a GS-13/civil service/IN&S Criminal Investigator - - When preparing my Federal tax returns, according to my understanding of the law (which may not be correct) - Retired Public Safety off… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
when adding the figures between number 7 and number 15 of the
when adding the figures between number 7 and number 15 of the 1040a form, do i include the amounts from 12a and 14a or just what is in the "B" columns?… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
i am retired from a connecticut city police dept. since 1977.
i am retired from a connecticut city police dept. since 1977. i was retired on a disability by state statuet in lieu of workers comp. [heart and hypertionsion law]. i was audited on my 2006 incom tax.… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,139 satisfied customers
I was told there is an I.R.S. rule that allows disability ...
I was told there is an I.R.S. rule that allows disability payments resulting from drepression to be classified as non taxable.… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,139 satisfied customers
I received a form RRB 1099-R for 2007. It contains
I received a form RRB 1099-R for 2007. It contains Emmployee Contribution amount, then contriburtory amount pail, supplimental annuity-total gross paid and no tax withheld. How can determine the amoun… read more
Randall Terry
Randall Terry
CPA
Bachelor Degree
28 satisfied customers
I was disabled from performing my duties at work. I ...
I was disabled from performing my duties at work. I am receiving a disability pension. I am 31 yrs of age. This is the only income I have; and it is being taxed. Can I claim it as income so that I can… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
I am a retired Police Officer who was injured in the line ...
I am a retired Police Officer who was injured in the line of duty from which I sustained a permanent partial disability which ended my career. I do receive a disability pension based on the injury and… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,139 satisfied customers
my wife and I are both retired on social security, my ...
my wife and I are both retired on social security, my wife is also receiving a disabilty penson from Montgomery county High school is her disability pension taxable?… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x