some people have told me I don't have to claim it at all, but I think I am supposed to. Is it "other income" or "unearned income" or what? I do not receive any year end tax documents for it (like a 1099). Thanks for any advice.
2006-12-29 04:53:18 · 5 answers · asked by TigerLilly 4 in Business & Finance ➔ Taxes ➔ United States
Social Security payments to your child, whether survivor benefits or disability, are not taxable income to you.
You do not include this on your tax return.
2006-12-29 07:05:38 · answer #1 · answered by ninasgramma 7 · 1⤊ 0⤋
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2016-10-08 05:21:36 · answer #2 · answered by ? 3 · 0⤊ 0⤋
This is really an IRS question but as a retired Social Security employee I can tell you that it isn't taxable unless your child has other sources of income over $25,000. I don't know if a tax return needs to be filed for your child, though. So you will need to call IRS about that. Do it before everyone gets their tax stmts to avoid the phone rush.
2006-12-29 05:07:13 · answer #3 · answered by Judith 6 · 1⤊ 0⤋
No, you don't have to claim it. Social security, in your situation, is not taxable by the government. They will send you a year end statement showing how much your son has received from social security. But, I repeat, it is not taxable and is not required to reported on your tax return nor is your son required to file a return.
2006-12-29 05:21:26 · answer #4 · answered by Fool in the Rain 6 · 1⤊ 0⤋
My best advice is to ask at www.irs.gov. They should know.
2006-12-29 05:06:36 · answer #5 · answered by Cindy in Bama 4 · 0⤊ 0⤋