2007-01-16 05:39:06 · 5 answers · asked by jester.r@sbcglobal.net 1 in Business & Finance ➔ Taxes ➔ United States
Generally, up to 50% of your benefits will be taxable. However, up to 85% of your benefits can be taxable if either of the following situations applies to you.
1. The total of one-half of your benefits and all your other income is more than $34,000 ($44,000 if you are married filing jointly).
2. You are married filing separately and lived with your spouse at any time during 2005. This amout may have changed for 2006.
For more information, see Publication 15 at www.irs.gov
2007-01-16 07:49:54 · answer #1 · answered by Weetie 3 · 0⤊ 0⤋
Social Security Disability is not taxed until or unless you have other money or a spouse with money, when it goes over a certain amount the Social Security becomes taxable. I looked online at SSA.gov to find the exact amount, but never found the right place on the website.
2007-01-16 13:44:00 · answer #2 · answered by smartypants909 7 · 1⤊ 0⤋
Yes, if their level of income is such that it is required, yes they do.
2007-01-16 13:44:35 · answer #3 · answered by MtnManInMT 4 · 1⤊ 0⤋
do they have other income? If so, there is an amont where you would have to pay.
2007-01-16 13:43:21 · answer #4 · answered by Baked n Blended 5 · 2⤊ 0⤋
No I don't think so
2007-01-16 13:42:33 · answer #5 · answered by Tracy 4 · 0⤊ 0⤋