Social Security Benefits $($LO $2\mathrm{.}16)$

received $$30,000$ in tax$-$exempt interest income and has no AGI deductions.

Complete the worksheet below to calculate the amount of the Social Security benefits that Dalano must include in his gross income for $2023.$

If an amount is zero, enter $"0".$

SIMPLIFIED TAXABLE SOCIAL SECURITY WORKSHEET $($FOR MOST PEOPLE$)$

Enter the total amount of Social Security income.

Enter one$-$half of line $1.$

Enter the total of taxable income items on Form $1040$ except Social Security income.

Enter the amount of tax$-$exempt interest income.

Add lines $2,3,$ and $4.$

Enter all adjustments for AGI except for student loan interest deduction.

Subtract line $6$ from line $5.$ If zero or less, stop here, none of the social security

benefits are taxable.

Enter $$25,000($ $$32,000$ if married filing jointly; $$0$ if married filing separately and

living with spouse at any time during the year$).$

Subtract line $8$ from line $7.$ If zero or less, enter $-0-$

Note: If line $9$ is zero or less, stop here; none of your benefits are taxable.

Otherwise, go on to line $10.$

Enter $$9,000($ $$12,000$ if married filing jointly; $$0$ if married filing separately and

living with spouse at any time during the year$).$

Subtract line $10$ from line $9.$ If zero or less, enter $-0-$

Enter the smaller of line $9$ or line $10.$

Enter one$-$half of line $12.$

Enter the smaller of line $2$ or line $13.$

Multiply line $11$ by $85\%(\mathrm{.}85).$ If line $11$ is zero, enter $-0-$

Add lines $14$ and $15.$

Multiply line $1$ by $85\%(\mathrm{.}85).$

Taxable benefits. Enter the smaller of line $16$ or line $17.$

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