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I'm on SSDI do I file taxes on $10,300.00 total income
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∙ 13y ago
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When don't I have to file taxes anymore?
I don't know, you need to give more information. But some of the reasons can be:your total taxable income is below a certain limit, but you still might want to file if you qualify for certain creditsin some cases where you owe no tax you don't have to file, but you still might want to file to get a refund if one is owed youetc.Just because you don't have to file does not mean that you shouldn't. It depends on your situation.I am on SSDI and do not have to file, but I still file as I have a large investment loss carryover deduction that I might need if I have a temporary unexpected increase in income.
Are fica taxes an option?
NO you do not have any choice about this INSURANCE program. FICA stands for "Federal Insurance Contributions Act." It's the tax withheld from your salary or self-employment income that funds the Social Security and Medicare programs. The (OASDI) Old Age Survivor and Disability Insurance (FICA) (social security and Medicare taxes) all mean the same tax for social security benefits (SSB or SSDI). All mean the same thing.
Do you have to file a tax return if you get ssdi?
Maybe. SSDI recipients do not receive any special exemption from the filing requirements. On your federal return, SSDI benefits are taxed using the same complicated formula as is used for Social Security retirement benefits. Whether you must file a return is determined by your total income from all sources, not just your benefits, and your filing status. To find out if you need to file a federal return, refer to Tables 1, 2, and 3 on pages 3, 4, and 5 of Publication 501: http://www.irs.gov/pub/irs-pdf/p501.pdf Treat SSDI benefits as if they were Social Security benefits. Your state may have different rules. Refer to the instructions that came with your state tax forms or the web site of your state tax department for details.
Can IRS garnish ssdi?
Yes
What does fica mean on your check stud?
(FICA) FEDERAL INSURANCE CONTRIBUTIONS ACT. The (OASDI) Old Age Survivor and Disability Insurance (FICA) (social security and Medicare taxes) all mean the same tax for social security benefits (SSB or SSDI). All mean the same thing.
What profession uses a SSDI everyday?
Social Security Disability (SSDI) is used by people in all professions. SSDI is sometimes the only source of income for people with disabilities. The best way to determine the qualifications, is to visit a Social Security office.
Is ssdi taxable?
SSA Online help reference;Some people who get Social Security disability benefits will have to pay taxes on their benefits. Less than one-third of our current beneficiaries pay taxes on their benefits.You will have to pay federal taxes on your benefits if you file a federal tax return as an "individual" and your total income is more than $25,000. If you file a joint return, you will have to pay taxes if you and your spouse have a total income that is more than $32,000.http://ssa-custhelp.ssa.gov/cgi-bin/ssa.cfg/php/enduser/std_adp.php?p_faqid=320&p_created=959575695&p_sid=kDx_YzZi&p_accessibility=0&p_redirect=&p_lva=&p_sp=cF9zcmNoPTEmcF9zb3J0X2J5PSZwX2dyaWRzb3J0PSZwX3Jvd19jbnQ9NDgsNDgmcF9wcm9kcz0mcF9jYXRzPSZwX3B2PSZwX2N2PTEuMTA1JnBfcGFnZT0x&p_li=&p_topview=1
Your partner is on SSDI you pay most of the household bills can you claim them on your taxes?
Household bills are not tax deductible.
Can a permanently mentally disabled person with sole income from Soc Sec SSDI benefit check be judgment proof from paying undeclared cigarette taxes from cigarette purchases from discount companies?
The Social Security benefits cannot be attached to pay the taxes. More information: http://answers.google.com/answers/threadview?id=92025
Is social security considered income for v.a pension?
Social Security Retirement & Social Security Disability Insurance (SSDI) are. Supplemental Security Income (SSI) are not.
If you're on social security disability and your gross income is 21600 do you have to file a tax return?
Social Security disability insurance (SSDI) is available to an ill/injured worker who hasn't been able to work for more than a year because of the illness/injury. Generally, if SSDI is your only source of income, they probably aren't taxable. The rules for the taxability of SSDI benefits are the same as those for regular Social Security benefits. A quick check is that it's taxable if your other taxable income plus half of SSDI total more than $25,000 for Single filing status ($32,000 for Married Filing Jointly). For more information, go to www.irs.gov/formspubs for Publication 915 (Social Security and Equivalent Railroad Retirement Benefits).
Can a person receive any type of ssi or ssdi while recovering from surgery?
SSI is income based for the household and SSDI is disability income which is what you can apply for if your illness will end in death and is expected to last more than 12 months. You have to qualify for these. I would have to say no to both. Visit ssa.gov for more info
Are Social Security Disability payments considered income on your tax returns?
I am on SSDI and am not aware of any taxes imposed, in 27 years. At least I have never been, since in the ordinary course of things, someone in SSI lives below the "poverty line". Hope that works for you.
I recieve ssdi can the dept. of revenue in mass.take my monthly checks from me Also if I have direct deposit for my ssdi and that is my only bank acct. can dor levy that acct?
Tey can't take all of your income but you will have to go to court and show what you need to live on.
Can you stop your child from receiveing payments from your diablitiy benefits if they do not live with you?
If you are receiving benefits from Social Security Disability Insurance (SSDI), child support can be taken from your SSDI payments. However, if you are receving Supplemental Security Income, that cannot be seized for child support.
How does my wife's income affect my social security disability?
No, If you are on ssdi, it is a paid into program and there is no money cap. If you are on SSI then yes. To receive money in this program you must be both disabled and poor. Married persons income are looked at as one income. To receive SSI there must be 2,000 dollars or less in your bank account. Again SSDI will not be affected.
Is there a certain amount of money a person can have in the bank if on Social Security disability?
No. Social Security Disability (SSDI) is a form of government-administered insurance that you and/or a spouse paid into through FICA taxes when working, and is not means-tested. You are not penalized for having unearned income, assets, or wages from other household members. Supplemental Security Income (SSI), which many people confuse with SSDI, is a form of welfare available only to disabled (or retired over age 65) people with limited income and assets.
