I realize you have a question about social security. My goal is to provide you with excellent service, and help you better understand your options.
How are you today?
The benefits that are received are received by your son, not you, so you will not pay tax on this.
So long as 1/2 of your son's benefits plus his other income is less than $25,000 there is no tax and no need to file a tax return
Do you have any other questions? Is there anything else I can assist you with today? If not, please rate my response as "excellent" so that I may receive credit for assisting you today.
thank you. can you point me to either case law or CFR/Federal register where I can point my accountant to this info? My accountant is an enrolled agent and always needs to see things in black and white
thanks. can you point me to CFR/social security info/case law that points to this info regarding the 25k and the tax issues discussed. My accountant is an EA and likes to see things in black and white
Thank you for your follow up. CLICK HERE for a representative payee guide. ON page 14 it notes "paying income tax" and it states that you will get a 1099-SSA for the beneficiary and whoever prepares the beneficiary's tax return would determine if any tax must be paid.
Is there anything else that you need assistance with today? If not, please rate my response as "excellent" so that I may receive credit for assisting you today.