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Form Instruction 1040 Line 20a & 20b ND: What You Should Know

If (c) applies, see the instructions for line 26 to figure the amount of social security benefits paid on a periodic basis. Line 1 — Social Security tax If taxable amount on line 5 of Form 1040 is less than the social security benefits paid in the calendar tax year (line 2, itemized deduction on line 32), use line 2, tax on social security benefits, for the amount of income in excess of the taxable amount. You may be able to claim a tax credit for any excess social security payments.  Line 2 — Line 7 Social security tax Line 6 — Social security amount, Line 7a — Social security payment, Line 7b — Current social security balance at the start of the calendar year if you are not exempt because of a temporary change in your status. This field is used only to calculate a tax credit if you made an exemption claim for social security benefits at the time you were filing your federal income tax return that year. If you made an exemption claim for social security benefits before the end of 2017, you have to include that amount on line 6 of Schedule A. Include all social security amount you paid during the calendar year. Line 7c — Social security number Line 7d — Number of years qualifying as a resident and/or employee for social security purposes, Line 15 — Social security tax, line 18 — Form 1040 Schedule A, part III with interest, Line 21 — Social security balance, line 22 — Form 1040 Schedule A, part III with interest, Line 24 — Social security number, Line 25a — Social security exemption claim date, including any refund, interest, or additional income Line 26 — Amount of Social Security you paid during the calendar year.  Income Test If you do not meet the Social Security Exemption test, this is a “qualifying excludable amount,” or “amount on which you will be taxed.” See your Form 1040 for details about how much is “qualifying.

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