Is there taxes on social security disability income?

Answer 1

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

Answer 2

1

Answer 3

by itself social security is not subject to federal income tax

but,, if there is enough other income,, either by wages, interest, dividends, capital gains, etc,, then social security can be taxes.
For a single person, if you add income from all sources except social security, then add 1/2 of the social security and co0me up with $25,000. or more,, at least some of SS will be taxed. For a married couple filing jointly,, all income and 1/2 of social security from both if both receive social security,, over $32,000. some SS will be subject to tax.
The higher the income,, the more social security that will be included in taxable income. Tax is the same rate as other income,,

Answer 4

Social security disability payments, like regular social security retirement payments, wouldn't be taxable if they are your only income. But if you have enough other income, then some, up to a maximum of 85% of the social security, can be taxable.

Someone mentioned SSI - that's a separate program, and payments are not taxable or even reportable.

Answer 5

SSDI is taken care of only like retirement SS for tax applications - whether any of that's taxable relies upon on your different income. in the adventure that the whole income for the 300 and sixty 5 days develop into 2 months of SSDI and $9000 from working, not one of the SSDI could be taxed, till you're married and your companion had income additionally, then a number of it may desire to be reckoning on your joint income.

Answer 6

SSI can be up to 85% taxable depending on your other income and filing status. If you have no other income, then the benefits are not taxable. If all of your benefits plus half of your other income exceed limits based on your filing status, then a percentage will be taxable. See IRS publication 17 page 85 for base amounts and how to figure how much is taxable. For Federal tax purposes, SS disability is treated the same as SS retirement benefits.

Answer 7

This is directly from the IRS website:

http://www.irs.gov/faqs/faq-kw43.html

Frequently Asked Tax Questions And Answers
Keyword: Disability Income

4.9 Interest/Dividends/Other Types of Income: Life Insurance & Disability Insurance Proceeds

I am receiving long-term disability. Is it considered taxable?

Generally, you must report as income any amount you receive for your disability through an accident or health insurance plan paid for by your employer.

If both you and your employer have paid the premiums for the plan, only the amount you receive for your disability that is due to your employer's payments is reported as income. If you pay the entire cost of a health or accident insurance plan, do not include any amounts you receive for your disability as income on your tax return. If you pay the premiums of a health or accident insurance plan through a cafeteria plan, and the amount of the premium was not included as taxable income to you, the premiums are considered paid by your employer, and the disability benefits are fully taxable.

Refer to Publication 525, Taxable and Nontaxable Income, for more details. If the amounts are taxable, you can submit a Form W-4S (PDF), Request for Federal Income Tax Withholding, to the insurance company, or make estimated tax payments by filing Form 1040-ES (PDF), Estimated Tax for Individuals.

Amounts you receive from your employer while you are sick or injured are part of your salary or wages. Report the amount you receive on the line for Wages, salaries, tips, etc, on Form 1040 (PDF); Form 1040A (PDF); Form 1040EZ (PDF). You must include in your income sick pay from any of the following:

A welfare fund.
A state sickness or disability fund.
An association of employers or employees.
An insurance company, if your employer paid for the plan.

Payments you receive from qualified long-term care insurance contracts will generally be excluded from income as reimbursement of medical expenses received for personal injury or sickness under an accident and health insurance contract. Also, certain payments received under a life insurance contract on the life of a terminally or chronically ill individual (accelerated death benefits) can be excluded from income. Refer to Publication 907, Tax Highlights for Persons with Disabilities.

You may be able to deduct your out-of-pocket expenses for medical care above any reimbursements, if you are eligible to itemize your deductions. You will need to review Publication 502, Medical and Dental Expenses.

For more information, refer to Publication 907, Tax Highlights for Persons with Disabilities.


References:

Publication 502, Medical and Dental Expenses
Publication 525, Taxable and Nontaxable Income
Publication 907, Tax Highlights for Persons with Disabilities
Publication 915, Social Security and Equivalent Railroad Retirement Benefits
Tax Topic 422, Nontaxable Income
Form 1040 (PDF), U.S. Individual Income Tax Return
Form 1040A (PDF), U.S. Individual Income Tax Return
Form 1040EZ (PDF), U.S. Individual Income Tax Return for Single and Joint Filers with No Dependents
Form W-4S (PDF), Request for Federal Income Tax Withholding



More Frequently Asked Tax Questions

Answer 8

Theres a tax on any thing u can think of
but to answer your question--------Yes

Answer 9

no