Please remember that it is income tax season. It is beyond the scope of my representation and I cannot give you tax advice, but I do not want you to be caught unaware. Some SSDI/SSI benefits are taxed. If you are not sure if your benefits will be taxed it is important that you talk to a tax advisor. Please watch my video below for more information:
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 can choose to have federal income taxes withheld from your Social Security benefit.
You will pay federal income taxes on your benefits if your combined income (50% of your benefit amount plus any other earned income) exceeds $25,000/year filing individually or $32,000/year filing jointly. You can pay the IRS directly or have taxes withheld from your payment.
Below is a link directly to the Social Security website which will give you information on how to have taxes withheld from your benefits.
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:
https://www.ssa.gov/manage-benefits/request-withhold-taxes
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 share this article with them and give them my number,
888-551-1190
I will listen to them and help them understand Social Security Disability and if they may qualify. Remember, I never charge for consultations, and there is never a fee unless we win.
Take care and God bless!
Randy Adams, Accredited Disability Advocate
“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
