2007-12-17 06:32:01 · 6 answers · asked by seth l 1 in Business & Finance ➔ Taxes ➔ United States
Depends. If you file a federal income tax return as an individual and your total income is more than $25,000 you will have to pay taxes on your Social Security benefits.
If you file a joint federal income tax return and you and your spouses total income is more than $32,000 you will have to pay taxes on your Social Security benefits.
"If the only income you received during the tax year was your social security or equivalent railroad retirement benefits, your benefits are probably not taxable and you probably will not have to file a tax return," according to the IRS.
2007-12-17 06:40:34 · answer #1 · answered by Anonymous · 0⤊ 4⤋
SSI is not taxable to the recepient. The parents or guardian of the receipient would need to include the SSI in the amount that is contributed by "others" in determining where they can claim the receipient as a dependent.
2007-12-17 10:57:56 · answer #2 · answered by beached42 4 · 0⤊ 2⤋
. Go to an AARP rep. It,s free. My son doesn't pay a dime. And he'been on SSI for a couple of years now. I'd pretty much say the answer is no.
2007-12-17 06:50:09 · answer #3 · answered by Anonymous · 0⤊ 2⤋
No I don't think so,but you might to call your local Social Security Office to double check.
2007-12-17 06:40:45 · answer #4 · answered by Anonymous · 0⤊ 1⤋
No, SSI is exempt from taxation.
2007-12-17 06:35:49 · answer #5 · answered by taxreff 7 · 1⤊ 1⤋
No, you will not have to pay taxes on this.
2007-12-17 06:38:06 · answer #6 · answered by *Almost ready* 5 · 1⤊ 1⤋