I was told that if you are on SSI you don't have to file unless you have tax deductions. Like charity donation. Is this True or false?
2007-02-23 22:54:26 · 8 answers · asked by kimrene22000 1 in Business & Finance ➔ Taxes ➔ United States
Deductions reduce taxable income. If your only income is SSI, then you have no taxable income, and therefore no deductions. You are not required to file a tax return and if you did file, you would not receive any refund.
2007-02-24 01:01:10 · answer #1 · answered by ninasgramma 7 · 2⤊ 0⤋
SSI is not taxable income so there's no taxes to credit your donations against. If you're on SSDI (some people confuse SSI with SSDI) you should file your taxes.
It's probably a good idea to file anyway this year, like the Bostonian said, because of the national telephone tax rebate. Also, in some states on state income taxes low-income people are eligible for renter's assistance and home owner's assistance. These are annual rebates. California has such a program.
2007-02-27 08:29:30 · answer #2 · answered by althegrrl 3 · 0⤊ 0⤋
False. SSI isn't taxable so there's no reason to file at all. Any deductions would be useless since your taxable income is already zero.
SSI isn't earned income so you can't claim the EITC based on it.
You could file this year and claim the phone tax rebate. That's $30.00 for you if you're a single filer.
2007-02-24 02:07:42 · answer #3 · answered by Bostonian In MO 7 · 1⤊ 0⤋
SSI isn't taxable so there's no reason to file at all
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2007-02-26 18:06:45 · answer #4 · answered by ellen h 2 · 0⤊ 0⤋
Partially true. If your only income is SSI, you don't have to file - it's not taxable or even reportable. But deductions wouldn't be of any use to you if you don't have any taxable income, so even if you have deductions, there is nothing to file on.
2007-02-24 12:02:31 · answer #5 · answered by Judy 7 · 1⤊ 0⤋
False, you don't have to file unless you received a form from the government. SSI recipients do not need to file, even if you have tax deductions, unless you choose to.
2007-02-23 23:04:40 · answer #6 · answered by Chali 6 · 1⤊ 2⤋
i'm on ssi for the final 6 years and that i allways record a incone tax yet that may no longer my onle earnings you will possibly be able to desire to call a tax representative like h&r Block they might tell over the telephone if this is your in simple terms earnings
2016-10-16 09:22:11 · answer #7 · answered by ? 4 · 0⤊ 0⤋
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2007-02-24 00:47:11 · answer #8 · answered by Anonymous · 0⤊ 1⤋