Question: SIMPLIFIED TAXABLE SOCIAL SECURITY WORKSHEET (FOR MOST PEOPLE) Description Amount 1. Enter the total amount of Social Security income. $fill in the blank 1 2.
SIMPLIFIED TAXABLE SOCIAL SECURITY WORKSHEET (FOR MOST PEOPLE) Description Amount 1. Enter the total amount of Social Security income. $fill in the blank 1 2. Enter one-half of line 1. fill in the blank 2 3. Enter the total of taxable income items on Form 1040 except Social Security income. fill in the blank 3 4. Enter the amount of tax-exempt interest income. fill in the blank 4 5. Add lines 2, 3, and 4. fill in the blank 5 6. Enter all adjustments for AGI except for student loan interest and the tuition and fees deduction. fill in the blank 6 7. Subtract line 6 from line 5. If zero or less, stop here
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