turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

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

So can I still file my taxes I I draw ssi

 
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.

3 Replies

So can I still file my taxes I I draw ssi

Social Security benefits and “SSI” are not the same thing.   When we are answering tax questions, we need clarity.

 

WHAT IS THE DIFFERENCE BETWEEN SOCIAL SECURITY BENEFITS AND SSI?

https://www.ssa.gov/ssi/text-over-ussi.htm

 

That being said, if your only income was Social Security benefits you do not have to file a tax return unless you had tax withheld from your benefits or if you have a 1095A for marketplace health insurance.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

So can I still file my taxes I I draw ssi

SSI is Supplemental Security Income is from the Social Security Administration. It is designed to help aged, blind, and disabled people, who have little or no income; and. It provides cash to meet basic needs for food, clothing, and shelter. SSI is not reported on a tax return.

 

Social Security Retirement/Disability/Survivors benefits are reported on a form SSA-1099 and the benefits received are to be entered on a federal tax return. The benefits may be taxable depending on the amount of other income you have entered on your tax return.


However, if the Social Security benefits is the Only income to be reported on the tax return and there is no federal income taxes being withheld, then there is no reason or need to file a tax return.
Unless you also received a Form 1095-A for your health insurance through one of the State Marketplace Exchanges or from healthcare.gov then you must file a tax return.

 

To enter Social Security benefits reported on form SSA-1099

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Retirement Plans and Social Security
On Social Security (SSA-1099, RRB-1099), click the start or update button

Vanessa A
Expert Alumni

So can I still file my taxes I I draw ssi

It depends.  If it is SSI, then no, this is not taxable income.  

 

If it is SSDI or SSA and if you have NO other income, then you probably would not need to file a tax return.  But, it does depend on your overall situation.

 

Taxability of Social Security & SSDI

  • General Rule: Social Security benefits are not fully taxed. Depending on your "combined income," up to 85% of your benefits may be taxable.
  • SSDI Treatment: SSDI (Social Security Disability Insurance) benefits are treated exactly the same as regular Social Security benefits for tax purposes.
  • Thresholds for 85% Taxable:
    • Single: Combined income above $34,000.
    • Married Filing Jointly: Combined income above $44,000.
    • Married Filing Separate: Benefits are taxable at 85% regardless of income level.
  • Thresholds for 50% Taxable:
    • Single: Combined income between $25,000 and $34,000.
    • Married Filing Jointly: Combined income between $32,000 and $44,000.
  • Calculation Formula: "Combined Income" is calculated as your Adjusted Gross Income (AGI) + Nontaxable Interest + 1/2 of your Social Security Benefits.

Filing Requirements

  • SSA Only Income: If your only source of income is Social Security, you typically do not need to file a tax return because you have no taxable income (unless your benefits exceed $50,000 for the year).
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question