Publication 915 - Social Security And Equivalent Railroad Retirement Benefits - Internal Revenue Service - 2001 Page 6
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28Example 1.
George White is single and files Form 1040 for 2001. In addition to receiving social security payments, he
received a fully taxable pension of $18,600, wages from a part-time job of $9,400, and taxable interest
income of $990, for a total of $28,990. He received a Form SSA–1099 in January 2002 that shows his net
social security benefits of $5,980 in box 5. To figure his taxable benefits, George completed Worksheet 1,
shown below. On line 20a of his Form 1040, George enters his net benefits of $5,980. On line 20b, he enters
his taxable benefits of $2,990.
Filled-in Worksheet 1. Figuring Your Taxable Benefits
Before you start: Is your filing status Married filing separately?
No. Go to line 1 below.
Yes. Did you live apart from your spouse all year?
No. Go to line 1 below.
Yes. Do the following if you file:
Form 1040: Enter “D” to the left of line 20a, then go to line 1 below.
Form 1040A: Enter “D” to the right of the word “benefits” on line 14a, then go to line 1 below.
5,980
Enter the total amount from box 5 of ALL your Forms SSA–1099 and RRB–1099
1.
1.
Note: If line 1 is zero or less, stop here; none of your benefits are taxable.
Otherwise, go on to line 2.
2,990
Enter one-half of line 1
2.
2.
Enter the total of the amounts from:
3.
Form 1040: Lines 7, 8a, 8b, 9-14, 15b, 16b, 17-19, and 21.
28,990
Form 1040A: Lines 7, 8a, 8b, 9, 10, 11b, 12b and 13
3.
Form 1040A filers: Enter the total of any exclusions for qualified U.S. savings bond interest
4.
(Form 8815, line 14) or for adoption benefits (Form 8839, line 26)
Form 1040 filers: Enter the total of any exclusions/adjustments for:
● Qualified U.S. savings bond interest (Form 8815, line 14)
● Adoption benefits (Form 8839, line 26)
● Foreign earned income or housing (Form 2555, lines 43 and 48, or Form 2555-EZ, line 18),
and
● Certain income of bona fide residents of American Samoa (Form 4563, line 15) or Puerto Rico
-0-
4.
31,980
5.
Add lines 2, 3, and 4
5.
Form 1040A filers: Enter the amount from Form 1040A, line 16. Form 1040 filers: Enter the
6.
-0-
amount from Form 1040, line 32, minus any amount on Form 1040, line 24
6.
31,980
Subtract line 6 from line 5
7.
7.
Enter $25,000 ($32,000 if married filing jointly; $0 if married filing separately and you lived with
8.
25,000
your spouse at any time during 2001)
8.
6,980
Subtract line 8 from line 7. If zero or less, enter -0-
9.
9.
Note: If line 9 is zero or less, stop here; none of your benefits are taxable. ( Do not enter any
amounts on For m 1040, line 20a or 20b, or on For m 1040A, line 14a or line 14b. But if you are
marr ied filing separately and you lived apart from your spouse for all of 2001, enter -0- on Form
1040, line 20b, or on For m 1040A, line 14b. ) Otherwise, go on to line 10.
Enter $9,000 ($12,000 if married filing jointly; $0 if married filing separately and you lived with
10.
9,000
your spouse at any time during 2001)
10.
-0-
Subtract line 10 from line 9. If zero or less, enter -0-
11.
11.
6,980
12.
Enter the smaller of line 9 or line 10
12.
3,490
Enter one-half of line 12
13.
13.
2,990
Enter the smaller of line 2 or line 13
14.
14.
-0-
15.
Multiply line 11 by 85% (.85). If line 11 is zero, enter -0-
15.
2,990
16.
Add lines 14 and 15
16.
5,083
Multiply line 1 by 85% (.85)
17.
17.
2,990
Taxable benefits. Enter the smaller of line 16 or line 17
18.
18.
● Enter the amount from line 1 above on Form 1040, line 20a, or on Form 1040A, line 14a.
● Enter the amount from line 18 above on Form 1040, line 20b, or on Form 1040A, line 14b.
Note: If you received a lump-sum payment in this year that was for an earlier year, also complete
Worksheet 2 or 3 and Worksheet 4 to see whether you can report a lower taxable benefit.
Page 6
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