1040-US: Taxable social security income calculation on the Tax Projection Worksheet

Alerts and notices


How does the Tax Projection Worksheet project next year's Taxable Social Security Income?


UltraTax CS automatically applies the next year social security cost of living adjustment (COLA) to current year gross social security benefits. In the case of survivor benefits, the greater of the Taxpayer or Spouse's portion of current year benefits are used in the calculation of next year's taxable benefit amount.

Note: The survivor benefits are only calculated when there is a current tax year date of death entered for either the taxpayer or spouse and the filing status for next year is expected to be either Single or Qualified Widow(er).

Related topic: Tax Projection Worksheet FAQs (1040)