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Christopher B, Esq.
Christopher B, Esq., Tax Attorney
Category: Tax
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Experience:  associate attorney
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Are my social security disability income taxable

Customer Question

are my social security disability income taxable
Submitted: 1 year ago.
Category: Tax
Expert:  Christopher B, Esq. replied 1 year ago.
My name is***** and I will be helping you with your question today. This is for informational purposes only and does not establish an attorney client relationship. Social Security disability is treated the same as regular Social Security benefits (retirement and survivor benefits) for tax purposes. In most cases, if disability is your only source of income, you will not owe any taxes. If you do have other sources of income, a portion of your Social Security disability benefits could be taxed, depending on the amount of your other income. In general, the amount of your benefits that will be taxed is based on the following rules:1. If you are single and your modified adjusted gross income (MAGI) plus half of your Social Security benefits is more than $25,000 but less than $34,000, then up to half of your disability benefits will be taxable. If your income is above $34,000, then up to 85 percent of your Social Security may be taxed.2. If you are married and file a joint return with your spouse, then your MAGI plus half of your Social Security would need to be over $32,000 before any of your Social Security would be taxable. For income over $32,000 up to 50 percent of your benefits will be taxable, and for income over $44,000 up to 85 percent of your benefits will be taxable.3. If you are married but you and your spouse file separately, the income threshold is zero, which means your Social Security benefits may be taxed from the first dollar.You may have noticed that the term modified adjusted gross income was mentioned several times in the rules above. For purposes of determining if your Social Security is taxable, MAGI means your income for regular tax purposes (including wages, interest, dividends, self employed income, etc.) plus any tax exempt income you may have earned. Please let me know if you have any further questions and please positively rate my answer if satisfied. There should be smiley faces or numbers from 1-5 to choose from. This extra step will cost you nothing extra and will ensure that I will be compensated for my time by the site.
Expert:  Christopher B, Esq. replied 1 year ago.
Just checking back in, do you have any further questions?