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Social security says you had undeclared income but you know l did not have any reportable wages what should you do?
Wiki User
∙ 15y ago
Not all income is wages. It can come from interest, rents, investments, pensions, etc.
Wiki User
∙ 15y ago
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Are rental investments considered income for social security?
They are income but they do not require you to pay social security on that income.
Do I have to claim SSI as household income?
Yes it is an income so it is reportable if you have enough other income in the household to require filing income tax returns. For instance, if a married couple files their taxes as a joint return, with one who works and the other who receives Social Security disability income reported on Form SSA-1099. In this case both the Social Security and the W-2 income will be reported on one of the 1040 tax returns.
does Mississippi Tax Social Security Income?
No, the state of Mississippi does not tax Social Security benefits at the state level. Therefore, Social Security income is not subject to Mississippi state income tax.
Is social security considered income for v.a pension?
Social Security Retirement & Social Security Disability Insurance (SSDI) are. Supplemental Security Income (SSI) are not.
Is there federal tax on social security income?
This depends on what your other income is besides your Social Security Income. Dependent on your filing status and other income your Social Security Income can very likely be partially taxable. Up to a maximum of 85% of your Social Security income can be taxable on your Federal Tax Return.
Is student loan reportable as income?
No, a student loan is NOT reportable income. Besides, it wouldn't make sense that immediate debt be considered income.
Income paid by the government to people who need it to live?
Welfare, assistance to needy families, supplemental security income, etc. are all non reportable income on the individual taxpayers income tax return.
Is annuity income counted against social security income limits?
A regular annuity which is not a 401K is counted against social security income limits.
How do I know if I have Social Security Supplemental Income or Social Security Disability Income?
One should contact their local welfare office to see if their social security is supplemental or disability.
How is Social Security an example income redistribution?
Social Security is an example of income redistribution by taking a small amount of earned income and storing it over time.
Does an employee who is currently receiving social security income and is also employed have to pay social security taxes on his new income?
Yes
Does your wife's income affect your social security?
Absolutely. It affects her Social Security only.
