turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Ask the Experts All About the Refund! >> Event happening NOW!!!!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

My children recieve social security death benefits. I am in charge of this money. Do I have to pay taxes on this money?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

My children recieve social security death benefits. I am in charge of this money. Do I have to pay taxes on this money?

If your children or dependents receive Social Security survivors/disability benefits, that is income to them, not to you. You do not enter it on your tax return. Look at Box 2 of the SSA-1099 and you should see the person's SSN.
If that is the only income a child/dependent has, then the child/dependent does not have to file or report it either.
If the child\dependent has enough other income to be required to file, then the child reports the SS on their own return.

View solution in original post

1 Reply

My children recieve social security death benefits. I am in charge of this money. Do I have to pay taxes on this money?

If your children or dependents receive Social Security survivors/disability benefits, that is income to them, not to you. You do not enter it on your tax return. Look at Box 2 of the SSA-1099 and you should see the person's SSN.
If that is the only income a child/dependent has, then the child/dependent does not have to file or report it either.
If the child\dependent has enough other income to be required to file, then the child reports the SS on their own return.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies