Guest guest Posted February 20, 1999 Report Share Posted February 20, 1999 Hi Marta, SSDI is not taxable at all. My friend just got it and her tax gal said it is not to be taxed. hugs, Connie Quote Link to comment Share on other sites More sharing options...
Guest guest Posted February 20, 1999 Report Share Posted February 20, 1999 thanks connie thats good to know.......hqaven't been to the tax people yet due to ss screw up on my 1099.........take care Reid Quote Link to comment Share on other sites More sharing options...
Guest guest Posted February 20, 1999 Report Share Posted February 20, 1999 In a message dated 2/20/99 8:02:26 PM Eastern Standard Time, Cslyme@... writes: > SSDI is not taxable at all. My friend just got it and her tax gal said it is > not to be taxed. That is not exactly true. SSDI can be taxable depending on the amount of that income, as well as combined with other income. Your friend's tax person must have looked at her total income and determined that hers wasn't taxable. Reading from the booklet that is sent when you are approved for SSDI, it says the following: If you file a federal tax return as an individual, and your combined income* is between $25,000 and $34,000, you may have to pay taxes on 50 percent of your SS benefits. If you file a joint return, you may have to pay taxes on 50% of your benefits if you and your spouse have a combined income* between $32,000 and $44,000. *on the 1040 return, your combined income is the sum of your adjusted gross income plus nontaxable interest, plus one-half of your SS benefits. Not sure how this affects people,,,but I know I need to do some more reading up on the tax laws for myself. Marci Quote Link to comment Share on other sites More sharing options...
Guest guest Posted February 21, 1999 Report Share Posted February 21, 1999 Connie, My husband & I pored over the tax book and online sites regarding SS disability yesterday, and learned much to my chagrin that 85% of mine will be taxable, or at least 85% of what they put in line 5 of the 1099 I will get next year. It is taxed due to I am under 62, and I will be filing jointly with my spouse who made over $44,000 last year, and will do so again this year. Maybe your friend had different circumstances than mine and thus her's weren't taxable??? Thanks, but I guess I am just grateful for the check and will have to pay Uncle Sam his due. Marta >From: Cslyme@... > >Hi Marta, >SSDI is not taxable at all. My friend just got it and her tax gal said it is >not to be taxed. >hugs, Connie > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted February 22, 1999 Report Share Posted February 22, 1999 Hi Marta, Geez they tax you coming and going. The laws are so crazy. I kept out cpa from our store and have him do it all. He only charges me 65.00 an I can mail it to him and he gets it back to me in like 3 days. I lost all my number ability when I got lyme, so I rely on others. But my friend did say to have an expert do them for you because SS has messed up her benefits over and over. Love ya, Con Quote Link to comment Share on other sites More sharing options...
Guest guest Posted February 23, 1999 Report Share Posted February 23, 1999 Hi Connie, I am still unsure of the tax situation, but silly to worry about it now, maybe by next year I will learn and if not, I will try a tax service. I used to love to work with numbers and complicated tax returns etc. but better not trust my old abilities yet. Hugs, Marta - >From: Cslyme@... > >Hi Marta, >Geez they tax you coming and going. The laws are so crazy. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted March 12, 2006 Report Share Posted March 12, 2006 Do you have to pay income taxes on Social Security Disability Insurance payments? Quote Link to comment Share on other sites More sharing options...
Guest guest Posted March 14, 2006 Report Share Posted March 14, 2006 > > Do you have to pay income taxes on Social Security Disability Insurance > payments? > > I am not sure if anyone answered this, but yes you do if it is over a certain amount or if your spouse earns over a certain amount. There is a schedule to fill out to figure out what part of your SSD is taxable. We had to pay a little tax on it, but it was not too bad. I am just grateful to be receiving the SSD when so many have been denied for so long. Good luck. Tracie > > > Quote Link to comment Share on other sites More sharing options...
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