No. The SSI income would be your son's, not yours.
If SSI is the only income that you and your spouse, if married, receive then you will not be required to file an income tax return for the Federal Government.
Supplemental security income (SSI) is not taxable income.
SSI income
If you had no earned income, or you were, perhaps receiving SSI benefits as your only income, then there is no need to file a tax return. However, if you had earned income and make it a habit to not file, it will eventually catch up with you and could be the result of an audit and you owing the IRS.
Yes, you can file taxes while receiving Supplemental Security Income (SSI). However, SSI benefits are not considered taxable income, so you typically won't owe any federal income tax on them. If you have other sources of income or if your total income exceeds certain thresholds, you may still need to file a tax return. It's advisable to consult a tax professional or use tax software to determine your specific filing requirements.
If SSI is the only income that you and your spouse, if married, receive then you will not be required to file an income tax return for the Federal Government.
If you want to file a tax return YES you can. SSI (supplement security income) would not be taxable income that you would report on your 1040 income tax return. If you do NOT have any taxable worldwide income that you are required to report on your federal 1040 income tax return it would NOT benefit you to file a federal income tax return and you would NOT meet any of the MUST FILE A INCOME TAX RETURN requirement's. If you want to file a tax return YES you can.
Should my disabled sons SSI income be inclueded under HAMP income guidelines? The mortgage note is only in mothers name.
Supplemental security income (SSI) is not taxable income.
Yes the SSI payments amount would be counted as a part of your support income assistance that you are receiving for your necessary living expenses.
Sure. Anyone can file a tax return if they want to. SSI benefits themselves are not taxable, but if you have other sources of income, they might be taxable. Whether or not you have any taxable income, you can file if you want to, but there may be little point in doing so.
SSI income
If you had no earned income, or you were, perhaps receiving SSI benefits as your only income, then there is no need to file a tax return. However, if you had earned income and make it a habit to not file, it will eventually catch up with you and could be the result of an audit and you owing the IRS.
You can get SSI if your other income, including SSD, is less than the SSI standard.
Yes, you can file taxes while receiving Supplemental Security Income (SSI). However, SSI benefits are not considered taxable income, so you typically won't owe any federal income tax on them. If you have other sources of income or if your total income exceeds certain thresholds, you may still need to file a tax return. It's advisable to consult a tax professional or use tax software to determine your specific filing requirements.
SSI payments are not taxable. But there are no special rules for SSI recipients. They follow the same rules for taxes on their other income as any other taxpayer would. To see if you need to file a return, consult Tables 1, 2, and 3 on pages 2, 3, and 4 of Publication 501: http://www.irs.gov/pub/irs-pdf/p501.pdf
Almost all unearned income is included in determining Medicaid spenddown. One notable exception is Supplemental Security Income (SSI). There are other exceptions.