Yes, TurboTax will do the calculation for the 15% exempt portion of your Social Security benefits.
If you look at your Detailed Tax summary, you will see the entire amount entered in the Total Income section as Other Pensions - Line 115, then the exempt portion deducted in the Taxable Income section as Additional Deductions - Line 256.
It's important to enter in the correct box (Before 1996 or After 1995) in order to get the exemption you are entitled to.
Yes, TurboTax will do the calculation for the 15% exempt portion of your Social Security benefits.
If you look at your Detailed Tax summary, you will see the entire amount entered in the Total Income section as Other Pensions - Line 115, then the exempt portion deducted in the Taxable Income section as Additional Deductions - Line 256.
It's important to enter in the correct box (Before 1996 or After 1995) in order to get the exemption you are entitled to.
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