Are your Social Security benefits taxable?

People who receive monthly Social Security Disability Income (SSDI) benefits receive a form entitled SSA-1099 which tells you how much money you received in benefits throughout the year, according to a Fox Business article on March 25.

However, the form does not indicate how much, if any, of these benefits are taxable. If you use the IRS Free File tool, the software will automatically determine the taxable amount of your benefits. If you file single, your benefits likely will not be taxed unless you make over $25,000–$32,000 if you are married. If you are married and lived with your spouse any time during the tax year but you file separately, all of your disability benefits are taxable.

The Social Security lawyers at the Indianapolis-based Hankey Law Office are committed to assisting you in filing for Social Security disability benefits. Call our offices today at (317) 634-8565 to speak with a member of our legal team.