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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?

dvinegrad
Level 3
 
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2 Comments 2
TaxGuyBill
Level 15

In most (maybe all???) cases, no.

BobKamman
Level 15

"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?  

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