Please remember that it is income tax season. Nobody likes to talk about taxes. I know I don’t. But I am here for you and I do not want you to be caught unaware. Some SSDI/SSI benefits are taxed. You may have to pay federal income taxes on a portion of your Social Security benefits if you have other substantial income in addition to your benefits (such as wages, self-employment, interest, dividends, and other taxable income that must be reported on your tax return). You may choose to have federal income taxes withheld from your Social Security benefit. If you are not sure if you’re benefits will be taxed or not it is important that you talk to a tax advisor. Click the video link below to learn more….
While I cannot help you with your taxes, I certainly want you to be aware of the requirements. If you cannot determine from the information on the Social Security website (www.ssa.gov/planners/taxes.html) or from the information below, A tax preparer will be able to look at your specific income to help you determine if you have to pay taxes.
Each January, you will receive a Social Security Benefit Statement (Form SSA-1099) showing the amount of benefits you received in the previous year. You can use this Benefit Statement when you complete your federal income tax return to find out if your benefits are subject to tax.
If you currently live in the United States and you misplaced or didn’t receive a Form SSA-1099 or SSA-1042S for the previous tax year, you can get an instant replacement form by using your online my Social Security account. If you don’t already have an account, you can create one online. To get your replacement Form SSA-1099 or SSA-1042S, select the “Replacement Documents” tab to get the form.
If you know anyone who may need Social Security disability benefits, please give them my number.
I will listen to them and let them know if they have a good case or not. Remember, I never charge for consultations. And there is never a fee unless we win.
Take care and God bless!
Randy Adams, your ADR
“And what does the Lord require of you but to do justice, to love kindness, and to walk humbly before your God.” Micah 6:8
PS: We invite you to review the home page on our website for more information.
