i don't work, I only receive about $5000 for social security disabily do i have to report taxes?

Question

Do i have to report it to the IRS?

Answer 1

No, SSD is not taxable if it's your only income.

(The amount of downright bad advice here sometimes amazes me!)

Folks, if you don't know what you're talking about and are too damn lazy to look it up, please keep your BAD advice to yourselves. It's far better to be thought of as an imbecile than to open your mouth and remove all doubt.

Not only is SSD not taxed, if an individual has less than $8,450 in total income no return is required and no tax is due. So even if it was taxable, no return or tax would be due anyway.

Answer 2

Hi, I'd like to address an issue that several people have mentioned in their answers--it's about support. A lot of people are saying that you can't claim your child if you don't provide over half of the child's support--that's not correct. The support issue is that the child cannot provide over half of her own support. The child is receiving money from social security, the child is not providing her own support. I know it just seems like semantics, but it's a big difference. Bottom line: yes, you may claim your child as a dependent. No, you do not claim your child's social security on your tax return. For the support issue people: you're confusing the rules for a qualifying child and a qualifying relative. If the situation were a parent receiving social security instead of a child--then the taxpayer would need to provide more than half of the person's support. "Qualifying child" and "Qualifying relative" have two slightly different standards.

Answer 3

Based on the information that you provided you do not have a requirement to file a return.
But you may want to file a 1040EZ-T to claim the Telephone Excise Tax Refund that is available to anyone who has paid for long distance service. The amount of the refund is based on the amount of exemptions (people that would be claimed on the return if you needed to file)
Just read the attached link to see what you have to do to claim this. This is from the IRS website
http://www.irs.gov/newsroom/article/0,,id=164032,00.html
for more information call the Internal Revenue Service at
1-800-829-1040

Answer 4

You need to report it because if you don't, they can come back on you in 10 years and claim you didn't report your income. It's something like 3 years for the IRS to audit filed claims, but there is no time limit on unfiled years so if you don't file, they could come knocking 20 years from now if they wanted. Then you'd have to prove that you only made the $5000 that year. Big pain in the butt. Much easier to just file it now, and never have to worry about it again.

This is the IRS you're dealing with, they dont' play nice. I didn't file for 2 years while I was out of work and making NOTHING, and I'm getting raked over the coals now trying to prove that I really didn't make anything, because I didn't bother to file those years. You may not owe, but file it anyway.

Answer 5

No you don't. Pay no attention to the other, incorrect, responders.

If you only had $5000 income even if it was from a job, you would be below the limit to have to file a tax return.

Since there are so many wrong answers here, if you are still worried, call the IRS and ask them.

Answer 6

Yes you have to report your income even though you won't likely have to pay any tax on your earnings. But remember that some government benefit programs are only accessible if you have submitted a tax return. So it might be a nuisance but you could end up being glad of it later.

Answer 7

Unfortunatly, due to a bill that Al Gore put through, you are required to pay taxes on social security.

Answer 8

Yes, every American taxpayer must report all wages earned tax free or not.

Answer 9

For sure, also unemployment needs to be reported, go figuire.

Answer 10

Yes you do. It is an income. If you do not you will have a penality.