If you work, you may have a filing requirement. Is this W-2 income or self-employment? How much did you make?
Did you report your income to social security? Eligibility for SSI is based in part on your inability to work, so your SSI check amount may be decreased or eliminated. (If you fail to report the income and receive too much SSI, you can be asked to pay it back.)
The other poster apparently thought you said SS payments, not SSI. SSI is not taxable. Supplemental Security Income (SSI) is a Federal income supplement program funded by general tax revenues (not Social Security taxes). It is designed to help aged, blind, and disabled people, who have little or no income; and it provides cash to meet basic needs for food, clothing, and shelter.
If you have income, you may not be eligible for SSI. It's best to report the income to SS within a month of making it.
Obviously it is in the government's best interest is you are able to work. There are incentive programs designed to minimize the loss of SSI if you work.
2007-12-17 08:10:51
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answer #1
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answered by Anonymous
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You give no indication as to your age, which may or may not prove helpful in order to provide you with a more concise answer. If you are 65 or older, you need not worry about any income limitations insofar as social security payments are concerned.
However, if you work, regardless of your age, you will need to file a tax return with the IRS and your state, assuming that your state taxes income, come January, but no later than April 15th of next year. Your wages will, of course, be subject to Fedearl and State taxation.
Your social security income, may or may not be. Under current tax laws, (and I am not aware of any changes for the new year) up to 85% of your social security income may be subject to taxes.
In the 1040 booklet which you should either receive in the mail or will be able to obtain at your local library, there is a worksheet which you will need to complete to determine how much, if any, of your social security income is subject to taxation.
2007-12-17 08:21:01
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answer #2
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answered by RUSerious 7
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in case you haven't any longer report for a pair of years and you report your 2007 return you heavily isn't getting the refund if one is by technique of you. Any deliquent tax returns could be filed in the previous cutting-edge refund could be issued. So i does not even problem a pair of rebate immediately My substantial concern may well be submitting all deliquent tax returns in the previous IRS does it for you and you will owe them money.
2016-11-03 21:16:31
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answer #3
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answered by honeywell 4
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