2007-04-17 08:23:52 · 3 answers · asked by paint 1 in Business & Finance ➔ Taxes ➔ United States
If Social Security Disability is your only source of income for the year, then no, it is not taxable, but if you had any other source of income then a portion of it could be taxable based on the amount of the other income and whether the other house hold income plus 1/2 of your SSDI exceeds a certain dollar amount based on your filing status
If you are a Single filer or Married Filing Separately and you did not live with your spouse, if one half of your Social Security plus all other income that appears on you return exceed 25,000.00 then a portion of your Social security will be tax able.
If you are Married Filing Jiontly, if one half of your Social Securtiy plus all other income that appears on your return exceeds 32,000.00, then a portion of your Social Security will be taxable
If you were Married Filing Separately and lived with your spouse even one day of the Tax year, You will have a taxable portion of your Social Security.
In all scenerio's the maximum amount of your benefits that can be taxed is 85%, complete the worksheet in Pub 915.
Publication 915
http://www.irs.gov/publications/p915/index.html
2007-04-17 08:32:51 · answer #1 · answered by Anonymous · 2⤊ 0⤋
No...you are exempt from taxes on your SSI Disability payments. But if you work at all on the side (which is ok with SS) then you must file as usual.
2007-04-17 15:32:35 · answer #2 · answered by shedaisyluv 2 · 0⤊ 1⤋
No, you don't report SSI.
2007-04-17 15:27:35 · answer #3 · answered by Judy 7 · 1⤊ 2⤋