I'm on SSDI do I file taxes on $10,300.00 total income
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.
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.
Yes, you may have to pay taxes on Social Security Disability Insurance (SSDI) backpay, depending on your total income for the year.
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).
Social Security Retirement & Social Security Disability Insurance (SSDI) are. Supplemental Security Income (SSI) are not.
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
Yes, you can qualify for Medicaid at age 62 if you receive Social Security Disability Insurance (SSDI). While SSDI is not the same as Supplemental Security Income (SSI), many states offer Medicaid coverage to individuals who receive SSDI, especially if their income and resources are within certain limits. Eligibility can vary by state, so it's important to check local Medicaid guidelines.
Tey can't take all of your income but you will have to go to court and show what you need to live on.
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.
This is a tricky situation, if you take an income stream from your annuity it may put you over the income limits to receive disability income. You should convert the CD in a Single Premium Whole Life product, they won't count it as a liquid asset although it liquid to you.
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.