Hi. I have been declared disabled by Social Security Disability. This was a recent decision and it was decided that I became disabled 6/2020. As such, SSDI awarded retroactive funds to my account of ~$60,000. Can you tell me if this is taxable? If so, what amount of money should be saved for taxes? As a non-employed, disabled person, I cannot risk being in a situation where I owe money to the IRS next year. My income is solely SSDI and non taxable LTD payments from The Hartford. Thanks for your assistance. Sincerely, Mary
