Latest News

Are Social Security Disability Benefits Taxable? -

As we navigate toward the annual deadline for filing our income taxes, if you are receiving Social Security Disability Insurance (SSDI) payments you should be aware of how those benefits are treated for income tax purposes. If SSDI is your only source of income it’s likely that none of those benefits will be subject to income tax, but if you have substantial income from other sources, your SSDI benefits might be included as part of your overall taxable income. The thresholds at which SS benefits become taxable are different for an individual who files taxes as a single, and those who file a joint return as a married couple. Nevertheless, when preparing your income tax return this year, take time to understand how your SSDI benefit income fits into your overall income tax, as explained in this article by Oliver Povey appearing at Click here to read more.

Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or

What's Your Opinion?

We welcome your comments. Join the discussion and let your voice be heard. All fields are required

Website by Geiger Computers