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Question

Must I pay taxes on Social Security payments [Medicare}?

Submitted: 390 days and 23 hours ago.
Category: Finance
Value: $9
Status: CLOSED
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San Francisco, California

Already Tried:
this is my first try

Accepted Answer

If social security benefits is your only income, than there is no tax due on the benefits.

 

 

Let me know if you have any question.

 

Please note: This advice is provided with the understanding that all the relevant facts have been provided by you. Any change in facts might affect the advice given and hence may not be relied on in such cases. Nothing contained in this reply was intended or written to be used, can be used by any taxpayer, or may be relied upon or used by any taxpayer for the purposes of avoiding penalties that may be imposed on the taxpayer under the Internal Revenue Code of 1986, as amended.

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Expert: RD
Pos. Feedback: 99.4 %
Accepts: 1025
Answered: 2/18/2009

Certified Public Accountant (CPA)

MBA, CPA

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