Are my kids ss benefits taxable?

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Are my kids ss benefits taxable?

They received about $2500 each. $700 interest income per kid. Their mother
died in 2006.

2007-04-16 07:02:05 · 2 answers · asked by graham w 1 in Business & Finance ➔ Taxes ➔ United States

2 answers

The SS income is not taxable. The interest income may be and if it is it will be taxed at your marginal rate if they're under 14. Next year it will be taxed at your marginal rate if they're under 18.

2007-04-16 07:05:52 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋

IRS publication 907 + or - probably not

2007-04-16 07:09:26 · answer #2 · answered by doc_up72 5 · 0⤊ 0⤋