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Do you have to claim all income or only taxable income

Customer Question
do you have to claim all income or only taxable income
Submitted: 2 years ago.Category: Social Security
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Answered in 4 minutes by:
2/18/2016
Social Security Expert: Megan C, Certified Public Accountant (CPA) replied 2 years ago
Megan C
Megan C, Certified Public Accountant (CPA)
Category: Social Security
Satisfied Customers: 16,609
Experience: Licensed CPA, CMA, CFE, CGMA M.Accy Also Teach Accounting courses at Master's Level
Verified

Thank you for your question -- for social security purposes you have to tell them about all your income, not just your taxable income. This is, assuming you are talking about a low-income benefit.

If you are talking about regular retirement, you only have to tell them about your work activity -- not any other income such as from rental property, stocks, or bonds.

If you are talking about disability -- again, you just need to tell them about work activity.

Please let me know if you need anything additional. If not, please rate positive.

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Customer reply replied 2 years ago
im talking about va benifits for disability
Social Security Expert: Megan C, Certified Public Accountant (CPA) replied 2 years ago

You have to tell them all your income, not just taxable income.

Thanks, ***** ***** rate positive.

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Category: Social Security
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