My ex-husband died in Dec. 6, 2005 and our children receive death benefits from the Soc. Sec. Department. I am not sure if the benefits count as taxable income or not.
2007-01-11 04:33:33 · 4 answers · asked by yellowdaisey1002 1 in Business & Finance ➔ Taxes ➔ United States
Only EARNED income . those are benefits, you are in charge of as their guardian, mother - the actual money was taxed out of your husbands income. Make sure you get any benefits that SS allows YOU as caretaker, mom.. doesn't matter that you were divorced, matters that you are taking care of the children and the SS helps with that. That amount IS based on YOUR earned income and situation(s) for the previous year. SOC Sec told me that, and after 2 and half yeaRs, I started receiving a benefit also. You are responsible for reporting any changes in your income-good or bad-and the amount may increase or decrease. I didn't know that, but it sure makes you feel better when SS tells you good news,,,this amount isn't taxed either-(benefit from gov. ) I am single Mom of 2 boys, and my ex-husband died on our oldest sons 16Th birthday--Dec 5, 2004. Your date is what caught my eye. Good luck.
2007-01-11 11:35:50 · answer #1 · answered by moonartblue 2 · 0⤊ 0⤋
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2016-05-15 18:53:21 · answer #2 · answered by ? 3 · 0⤊ 0⤋
Social Security survivor benefits are income to the children. They would never effect your own tax return and would not be reported on your tax return.
Unless the children have substantial income from other sources, the children would not pay any tax on the benefits.
2007-01-11 05:05:55 · answer #3 · answered by ninasgramma 7 · 0⤊ 0⤋
Yes, social security benefits are taxable.
2007-01-11 05:04:13 · answer #4 · answered by dcgirl 7 · 0⤊ 0⤋