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Tax software and preparers

Tax software and preparers apply the lump-sum election if it benefits the taxpayer

Fact-Checks

2 results
Jan 21, 2026

When does Publication 915 require using Worksheet 1 or other worksheets instead of Worksheet A?

lets most taxpayers use Worksheet A from the instructions to determine whether Social Security (or Tier 1 railroad) benefits are taxable, but it explicitly requires taxpayers to use Worksheet 1 in Pub...

Jan 21, 2026

How do lump‑sum Social Security payments affect Worksheet A calculations and taxable amounts under Pub. 915?

payments change how taxpayers compute the by forcing a re‑calculation for the earlier year involved and by offering a “lump‑sum election” that can sometimes reduce current‑year taxable benefits; provi...