Hey there everyone! So I have a kind of complex question for this community.
So for some context, I was on SSI for disability up until April 2023. My SSI was suspended after the April payment. I started my first job in June of that year. I know that SSI isn't taxable income as long as you're not receiving any other income, which leads me to this question: Do I need to file my SSI payments in my 2023 tax return because I started working the same year, or would I not be required to report it because of the interval between the SSI payments being suspended and me joining the workforce? This is my first time filing, so I want my return to be as accurate as possible.
Also, I did file a tax extension a few days ago, so I have some extra time to figure this out. All help is greatly appreciated!
You don't include SSI no matter what your situation is. Just file the other income you received - w-2s, 1099s. etc.
Let's back up. Did you get ssi or SS Social Security or SSDI Social Security Disability? Did you get a SSA-1099 for it?
A lot of times people say ssi when they mean Social Security Income. But it's not. SSI actually stands for Supplemental Security Income not Social Security. You do not get a SSA-1099 for SSI. You do not report SSI at all.
If you SS or SSDI or a SSA-1099 you must report it on your tax return with your other income even if it might not be taxable.
It's SSDI, and yes, there is a 1099 form. Thanks for your explanation, it helped me out a lot! 🙂
Enter a SSA-1099, SSA-1099-SM or RRB-1099 under
Federal Taxes (Personal for Home&Business)
Wages and Income
Then scroll down to Retirement Plans and Social Security
Then the second line - Social Security (SSA-1099. RRB-1099) - click the Start or Revisit button
Up to 85% of Social Security becomes taxable when all your other income plus 1/2 your social security, reaches:
Married Filing Jointly: $32,000
Single or head of household: $25,000
Married Filing Separately: 0