Adult son dependent now on SSI?

[lisamccatty]

Hi: I'm a one-person LLC with a home office. My adult son lives with me. He recently qualified for SSI and will receive payments (I am the designated payee) starting 9/1/23. Will this affect my quarterly payment for Q4?  Thanks.

[Gabriella_EA]

Hello @lisamccatty!

Thanks for this question! SSI is not taxable, so it will not affect the quarterly payments you need to make.

If you have additional questions, feel free to reply to this thread and I'll be back to answer more for you!