If you received Social Security benefits during the year, you should receive Form SSA-1099. This form includes:
- Box 5: Total benefits received
- Box 3: Medicare Part B premiums paid
- Box 6: Any voluntary federal income tax withheld
If you are receiving Tier 1 railroad retirement benefits, you should receive Form RRB-1099. These benefits are treated as the equivalent of Social Security for tax purposes.
⚠️ Why Accurate Reporting Matters
Both SSA-1099 and RRB-1099 impact your federal and state tax returns.
- Misreporting can lead to incorrect taxable income calculations.
- Some portion of your benefits may be taxable depending on your total income and filing status.
Be sure to enter all amounts exactly as shown on the form to ensure your return is complete and accurate.