Social Security Income Gross-up calculator

Complete the boxes with the Social Security income figures from the corresponding lines on form 1040
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By subtracting the taxable amount from the total benefit, we come up with our nontaxable portion
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Total amount of nontaxable income
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We can then gross-up the nontaxable portion by multiplying by 1.25 for an additional 25%
25% Gross-up of nontaxable income
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Total annual Social Security income including 25% gross-up of the nontaxable portion based on 1040 figures
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Total monthly Social Security income including 25% gross-up of the nontaxable portion based on 1040 figures
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Complete the boxes with the amounts provided on the award letter for individual borrower gross up based on nontaxable percentage from the 1040
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Nontaxable portion
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Taxable portion
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Grossed up 25% of the nontaxable percentage
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Monthly Qualifying SSI
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$
Nontaxable portion
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Taxable portion
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Grossed up 25% of the nontaxable percentage
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Monthly Qualifying SSI
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$
Nontaxable portion
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Taxable portion
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Grossed up 25% of the nontaxable percentage
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Monthly Qualifying SSI
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$
Nontaxable portion
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Taxable portion
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Grossed up 25% of the nontaxable percentage
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Monthly Qualifying SSI
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