Greetings,
My wife receives a pension from the State of Ohio (OSERS). She started getting the pension in July 2020. Her Social Security should have been cut starting in July 2020 but due to circumstances beyond our control nothing was adjusted until August 2021. We reimbursed SS $8382.00 in August 2021 for over payment from July 2020 until August 2021.
We just received our 2021 SSA-1099 and Her’s reads Box 3. $7087.50
Box 4 $8382.00 Box 5 ($1294.50). I have read how to adjust our joint 2021 SS income by deducting the ($1294.50) from my SS net benefit. It doesn’t seem that will fix this problem.
Do I need to redo our 2020 taxes due to the fact that part of that $8382 repaid to SS is for Tax year 2020? Iam not sure of the exact amounts that should have been paid each of those months in 2020.
Thanks for any guidance
Mark