Ask a question to other Boomeraters!

See other questions in the Financial & Legal forum

"Is SSDI taxable."

  • KentLinton
    Posted: Feb 04, 2009 12:50 PM
    Flag for inappropriate language
    KentLinton
    Fond du Lac, WI
    View Profile

    I have succeeded, after over 3 years, in getting awarded SS Disability due to medical issues. I'm not sure if rhe income is taxable.

Replies

  • #1
    Tornroos
    Posted: Jul 31, 2009 10:51 AM
    Flag for inappropriate language
    Tornroos
    Marietta, GA
    View Profile

    SSI (supplemental security income) payments are not taxable. SSDI (social security Disability Insurance) benefits may be taxable. You should receive a Form SSA-1099 from Social Security for benefits received from Social Security in 2009.

    How much is taxable depends on the total amount of your benefits and other income, and your filing status. A worksheet to figure your taxable benefits is in the instructions for Form 1040, or from Pub 915 (Social Security Benefits). These are available from the IRS website http://www.irs.gov/app/picklist/list/formsInstructions.html

Post your reply

Do you have some thoughts to add or some advice to give?
Only registered Boomeraters can post replies. Log in to your account or Sign up now (it's free)

Reply

 

Looking for a financial advisor?

Search our extensive database of over 3,500 advisors from both independent and large firms.

Enter your zipcode below

Or use this link to find a financial advisor or find a lawyer