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- Does a taxpayer save in taxes if they opt to apply a lump sum SS payment for 2021 to years 2016-2020 if their taxable income was higher in those prior years?
Does a taxpayer save in taxes if they opt to apply a lump sum SS payment for 2021 to years 2016-2020 if their taxable income was higher in those prior years?
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dvinegrad
Level 3
09-10-2022
06:48 PM
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2 Comments 2
TaxGuyBill
Level 15
09-10-2022
07:00 PM
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In most (maybe all???) cases, no.
BobKamman
Level 15
09-10-2022
11:31 PM
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"Generally" is the word you are looking for, Bill. Generally means, for example, how the heck are we supposed to know if you don't even tell us their filing status?
