Can I file for taxes and only receiving ssi benefits?
2007-02-04 13:19:30 · 9 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
It depends on whether you had any other income. Normally SS benefits are not taxable. but if your other income plus 1/2 of your SS benefits exceed certain dollar amounts based on your filing status up to 85% of the SS benefits could be taxable to you. If you had no other income it would not be taxable.
The only exception to this is if you are married filing separate and lived with you spouse even 1 day out of the year a portion will be taxable. There is a worksheet in Pub 915 to assist you with this.
See Publication 915 http://www.irs.gov/publications/p915/index.html
2007-02-04 13:51:23 · answer #1 · answered by Anonymous · 1⤊ 1⤋
Yes, you can file for taxes, but SSI is not taxable income so you will neither owe taxes or receive a tax return if SSI is your only source of income. Though, in some states you might be eligible for a rebate. For example, when I was on SSI, California paid a renters rebate for low-income people. Check your with your state's tax board to see if there are any such rebates for which you might be eligible.
But make sure you're really getting SSI (Supplemental Security Income) and not SSDI (Social Security Disability Insurance). Many people get these two benefits mixed up. You can tell by looking at your bank statement where the direct deposit source is spelled out.
2007-02-05 09:04:58 · answer #2 · answered by althegrrl 3 · 0⤊ 1⤋
If you go to the IRS home page and look up SSI it says in black and white ...Supplemental Security Income (SSI) does not count as qualifying income for the stimulus payment. I have been on SSI for 2 years and i don't file taxes i was never told to also..So let me know..My g/f thought i could get the money to i told her no and her friend filed and said she is getting it she has not worked for 4 years but in the past she worked so she would be drawing off her old jobs as me i have not worked in 13 plus years so i dont know if i can get it
2016-05-24 08:54:09 · answer #3 · answered by Anonymous · 0⤊ 0⤋
If SSI is your only income, you will not file a tax return as you have no taxable income to report.
If you have other income and file a tax return, you do not include any SSI payments on your return. All SSI payments are tax-exempt.
2007-02-04 15:13:50 · answer #4 · answered by ninasgramma 7 · 1⤊ 1⤋
So there is no confusion as to the answers given, SSI benefits are not taxable, while SSDI benefits are.
2007-02-08 02:09:31 · answer #5 · answered by hgmirand 2 · 0⤊ 0⤋
You can file your taxes, but you do not have to claim the SSI benefits...how do I know...my kid is Autistic and I do not have to claim her SSI on my taxes.
2007-02-04 13:23:34 · answer #6 · answered by lynette g 2 · 1⤊ 1⤋
No, if that's your only income. SSI isn't reportable or taxable.
2007-02-04 14:58:14 · answer #7 · answered by Judy 7 · 1⤊ 2⤋
ummm no ssi is non taxable
2007-02-04 13:22:33 · answer #8 · answered by Snoopy 4 · 0⤊ 1⤋
I don't think you ar required.
2007-02-05 06:51:15 · answer #9 · answered by whymewhynow 5 · 1⤊ 1⤋