If you pay it back in the same year you received it, no.
The taxable amount of benefits shown on your Form 1099-SSA will be automatically adjusted to account for repayments.
If you will pay it back in a later year, yes.
See page 15 of Publication 915 to see how to deal with repayments that exceed your benefits:
http://www.irs.gov/pub/irs-pdf/p915.pdf
Social Security benefits (retirement and disability) count as income for Medicaid. However, Supplemental Security Income (SSI) does not count as income for Medicaid.
Its so hard to get this question answered. Does Disability from Social Security count towards earned income or unearned income when trying to figure out how much credit we would get towards the Obamacare health plan
Unearned income would NOT count as part of the income for the earnings test amount on your social security benefits amount. Unearned income could cause some of your SSB to become taxable income on your 1040 federal income tax return.
no it dose not, its is concidered a non taxable income, much like social security disabilty income
Yes, vacation pay counts as income when receiving survivor benefits. It shouldn't change the social security benefits you are receiving, however.
You can't borrow from the Social Security Administration at any time. Whether or not a creditor will count Social Security benefits not yet claimed as available income in determining your credit worthiness is up to them. When it comes to determining your income lenders tend to use your current income like last month's income, or last year's income. They generally consider your future income to be best predicted by your past income.
Anyone making less than $3,000.00 in 2007 is not eligible for a stimulus check. Also, the economic stimulus law allows Social Security recipients and recipients of certain veterans' benefits and Railroad Retirement benefits to count those benefits towards the qualifying income requirement of $3,000. Supplemental Security Income (SSI) does not count as qualifying income for the stimulus payment.
Social security payments are not a factor in the means test. However, they are a factor in terms of your budget and as to how much you have available to repay creditors under Chapter 13.
Unemployment is income taxable, but does not count for Social Security purposes.No, only earned income (while working) counts toward SS benefits.
Because, according to the Related Link below, under "What income counts...", if pensions do not count as earnings for Social Security, then the reverse is also logical. They apparently do not interfere with each other.
Yes, social security benefits are counted as income when determining eligibility for subsidies under the Affordable Care Act (ObamaCare). Other forms of income, such as wages and dividends, are also considered in this calculation.
It is possible that you could have some taxable income from a disability payment amount.