Do Social Security widow's benefits get taxed?

Answer 1

In order to determine when social security is taxable, you first need to know your combined income. This is the adjusted gross income plus non-taxable interest plus half of your Social Security benefit, and as long as long is it is under $25,000, then it is not taxable.

Answer 2

Sometimes Social Security benefits are taxable. It is dependent upon the amounts of any other income a person may receive. Survivior benefits are different than Regular or Disability payments, especially as the one receiving the money is frequently different than the child it is for. In general terms, 1/2 of it is taxable. Some additional bookkeeping needs to be done. The person who has the legal right to receive the benefits must determine whether the benefits are taxable. For example, if you and your child receive benefits, but the check for your child is made out in your name, you must use only your part of the benefits to see whether any benefits are taxable to you. One half of the part that belongs to your child must be added to your child's other income to see whether any of those benefits are taxable to the child.

Answer 3

Up to 85% of your social security income can be taxable if you or your spouse have other income that makes it so. You will complete an additional schedule to determine whether or not this income can be taxable or not.

Answer 4

Yes it is possible for from 50% to 85% of any social security benefits to become taxable income on your income tax return.

If you received income from other sources, your benefits will not be taxed unless your modified adjusted gross income is more than the base amount for your filing status. Your taxable benefits and modified adjusted gross income are figured in a worksheet in the Form 1040A or Form 1040 Instruction booklet.

Before you go to the instruction book, do the following quick computation to determine whether some of your benefits may be taxable:

* First, add one half of the total social security benefits that you received for the year to all your other gross worldwide income, including any tax exempt interest and other exclusions from income.

* Then, compare this total to the base amount for your filing status. If the total is more than your base amount, some of your benefits may be taxable.

The 2009 base amount is:

* $25,000 for single, head of household, qualifying widow/widower with a dependent child, or married individuals filing separately who did not live with their spouses at any time during the year

Go to the IRS gov web site and use the search box for IRS Publication 915, Social Security and Equivalent Railroad Retirement Benefits.

For more information, see the Related Link below.

Answer 5

Yes social security benefits are considered to be income and when you have other sources of worldwide income it is possible for some your social security benefits to become taxable income at your marginal tax rate on your 1040 income tax return as long as you are still living.

Yes you do know that SSB are considered to be income and when you have other sources of worldwide income it is possible for some your social security benefits to become taxable income at your marginal tax rate on your 1040 income tax return as long as you are still living.

Answer 6

no

Answer 7

no

Answer 8

Is social security and retirement pension consider income