How to categorize Social Security benefits

markzumwalt1

What category should be used for Social Security benefits?

jacobs

Stangely, there is no built-in category for Social Security income. But you can create one. It can either be a stand-alone category or a sub-category of the existing Personal Income category. When you create the category, click Tax-related. Then click on Form 1040 on the left side, and click Social Security income on the right.

There are separate options on the right for the taxpayer and taxpayer's spouse, so if that distinction is relevant for your tax purposes, you can create two categories like "Social Security Income (self)" and "Social Security Income (spouse)".