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What else can I help you with?
Does a married couple have to file joint taxes if one is on Social Security and the other is on Disability?
It is possible for some of the social security benefits to become taxable on any individuals income tax return. Your question about the other being on Disability is not clear because it does not specify what kind. How much, if any, of your social security benefits are taxable depends on your total income and marital status. Generally, if social security benefits were your only income for 2009, your benefits are not taxable and you probably do not need to file a federal 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.
Can you file for child tax credits on SSA?
NO. SSA (SSB) social security benefits would be UNEARNED income and would NOT be qualifying earned income on your income tax return for any of the credits.
If you take a job at 70 how much can you earn before paying income tax?
Filing single age 65 or older must file an income tax return if your gross income was at least 10750 excluding social security benefits and you would have a federal income tax liability when you file your income tax return. Gross income would include all of your worldwide income pensions, interest, dividends, capital gains, rental income, etc and possibly some of your social security benefit's.
If your only income is SSI do you have to file income tax form every year?
SSI is Supplemental Security Income. SSI benefits aren't taxable. For this reason, Social Security Administration doesn't report your benefit amount to the IRS. That's also why they don't send you a 1099 or another income information reporting form. Also you don't pay state income taxes on SSI benefits
Do you have to file taxes if you receive SSD?
Yes, you may have to file taxes if you receive Social Security Disability (SSD) benefits, but it depends on your total income. SSD benefits themselves are generally not taxable if they are your only source of income. However, if you have other sources of income that, combined with your SSD benefits, exceed certain thresholds, you may need to file a tax return. It's advisable to consult with a tax professional to determine your specific filing requirements.
DO i Have to file tax return social security benefits?
Whether you need to file a tax return on your Social Security benefits depends on your total income. If your combined income (including half of your Social Security benefits and other income sources) exceeds certain thresholds, you may need to file a return. Generally, if you are single and your combined income is above $25,000, or if you are married filing jointly and your combined income is above $32,000, you must file. Always consider consulting a tax professional for personalized advice.
Do you have to pay income tax on your child's monthly death benefits?
The child's social security survivors benefits belong to the child and if the child would be required to file a income tax return it could be possible that some of the child's social security benefits could become taxable on the child's income tax return. If you are receiving social security benefits its is also possible that some of your SSB could become taxable income on your 1040 income tax return.
Can you file bankruptcy on unemployment benefits?
AFAIK, Social Security has no impact on your ability to file bankruptcy. In fact, Social Security is excluded from the "means test", so unless you have substantial other income you should be able to file Chapter 7.
Does a married couple have to file joint taxes if one is on Social Security and the other is on Disability?
It is possible for some of the social security benefits to become taxable on any individuals income tax return. Your question about the other being on Disability is not clear because it does not specify what kind. How much, if any, of your social security benefits are taxable depends on your total income and marital status. Generally, if social security benefits were your only income for 2009, your benefits are not taxable and you probably do not need to file a federal 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.
Va benefits of 100 percent and social security disability?
VA disability compensation is not taxable income that you would report on your 1040 income tax return. IF you do not have any other gross worldwide income to be reported on your 1040 income tax return. None of the social security benefits will be taxable income to you and you would NOT be required to file a federal 1040 income tax return
Can you opt out of social security benefits if you are already receiving them?
Getting social security isn't automatic and you have to file for them with the social security administration. So, just don't file.
Can you file for child tax credits on SSA?
NO. SSA (SSB) social security benefits would be UNEARNED income and would NOT be qualifying earned income on your income tax return for any of the credits.
Can you freeze your social security benefits?
Just don't file for your benefits. They don't come unless you file.
If your only income is Social Security do you need to file tax returns?
Perhaps. It depends on whether you have enough non-Social Security income to be required to file an income tax return. Also, for 2007 and, possibly, 2008, you may qualify for an economic stimulus rebate, but only if you file a return. You can find a form on the internet or at the library. Just because IRS didn't send you a form, doesn't mean you are exempt from filing.
Do you have to pay taxes on your social security check?
There is a means test to determine your total annual income and if it exceeds that amount you will have to pay on the additional amount. You can find it in the tax booklet or on line by typing in the question do I have to pay taxes on social security income. Generally speaking, most people don't if social security is their only income. However you may still need to file a return.
Are ssi disability benefits taxed?
You will have to pay federal taxes on your Social Security benefits if you file a federaltax 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 of more than $32,000.
Is Social Security included when assessing income to file taxes?
Yes
