Publication 4491 Social Security Benefits

This lesson will provide links to resource materials and practice to help you assist taxpayers who have Social Security and equivalent railroad retirement benefits. Begin this lesson by reviewing the Social Security Benefits Income lesson from Publication 4491.

Use your resource materials to apply what you've learned in the Social Security Benefits Income lesson:

• Determine the taxable portion of Social Security and railroad retirement benefits
• Determine the most advantageous method of reporting lump sum Social Security
benefits
• Report Social Security and railroad retirement benefits on the tax return