I was wondering, do social security benefits count towards the annual household income? I'm filling out a scholarship application and it asks me this question.
2007-02-27 17:00:54 · 5 answers · asked by 60625 1 in Business & Finance ➔ Taxes ➔ United States
I believe you can count that if you want that income considered. You do not have to disclose that income, I am pretty sure.
2007-02-27 17:32:14 · answer #1 · answered by sellandtrade 4 · 0⤊ 2⤋
The way you asked this question makes it difficult to answer. Social Security is considered "unearned income" and is reported on your tax return. If your only income is normal SS retirement funds, then SS by itself isn't taxable, but combined with other income, it can become taxable.
But that isn't your question. You question regards a scholarship application and I don't know that there is anything "standard" in scholarship applications from one school to another. You may have to re-ask your question with the exact wording in the application. What does it say to include? What does it say not to include?
2007-02-27 17:56:02 · answer #2 · answered by Anonymous · 0⤊ 1⤋
Generally you must list ALL funds from ALL sources unless the instructions explicitly tell you to not report a certain item. It generally doesn't matter if the income is taxable or not, all funds must be listed.
2007-02-27 23:10:04 · answer #3 · answered by Bostonian In MO 7 · 2⤊ 0⤋
provided that that's a joint account and that they are going to be in charge for paying the invoice. in any different case no. yet, you may prorate your housing costs. to illustrate, if the employ is $six hundred a month and your share is merely $3 hundred, merely write $3 hundred. good success.
2016-12-18 12:14:03 · answer #4 · answered by Anonymous · 0⤊ 0⤋
You decide whether that is relevant.\
I Cr 13;8a
2007-02-27 17:51:16 · answer #5 · answered by ? 7 · 0⤊ 1⤋