Are social security disability benefits taxed just like social security retirement benefits?
There is no difference in the formula for determining the taxation of social security benefits - whether the benefits are age-related or disability-related, except social security benefits do not include supplemental security income (SSI) payments, which are not taxable.
References:
- Publication 915 (PDF), Social Security and Equivalent Railroad Retirement Benefits
- Tax Topic 423, Social security and equivalent railroad retirement benefits
Is social security income paid to a disabled dependent child taxable income on the parent's return?
The income is reportable on the return of the person who has the legal right to receive the benefits. The social security benefits belonging to your dependent child must be added to your child's other income to see whether any of those benefits are taxable to the child. Whether the benefits are taxable will depend on the amount of benefits and amount of other income including interest or dividends.
References:
- Publication 915 (PDF), Social Security and Equivalent Railroad Retirement Benefits
- Tax Topic 423, Social security and equivalent railroad retirement benefits
Tax Topics & FAQs | 2002 Tax Year Archives | Tax Help Archives | Home