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Who is required to do taxes on there ssi or ssdi disability benefits?
SSI is Supplemental Security Income. 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 reported 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 are the Only income to be reported on the tax return, then there is no reason or need to file a tax return.
If you receive Social Security benefits, see this US Treasury website - https://home.treasury.gov/news/press-releases/sm967
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Who is required to do taxes on there ssi or ssdi disability benefits?
so i need to file taxes on it? you really did not answer my question, i know your trying to help, does a 1099 federal tax return has to be filed? ive never think ive received one and ive been on disability for 25 years
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Who is required to do taxes on there ssi or ssdi disability benefits?
I have not worked in 20 years
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Who is required to do taxes on there ssi or ssdi disability benefits?
@smike1983- wrote:
so i need to file taxes on it? you really did not answer my question, i know your trying to help, does a 1099 federal tax return has to be filed? ive never think ive received one and ive been on disability for 25 years
If you receive Social Security Disability Income (SSDI) then you do NOT need to file a tax return for the stimulus payment.
As stated on the US Treasury website - https://home.treasury.gov/news/press-releases/sm967
The U.S. Department of the Treasury and the Internal Revenue Service today announced that Social Security beneficiaries who are not typically required to file tax returns will not need to file an abbreviated tax return to receive an Economic Impact Payment. Instead, payments will be automatically deposited into their bank accounts.
The IRS will use the information on the Form SSA-1099 and Form RRB-1099 to generate $1,200 Economic Impact Payments to Social Security recipients who did not file tax returns in 2018 or 2019. Recipients will receive these payments as a direct deposit or by paper check, just as they would normally receive their benefits.
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Who is required to do taxes on there ssi or ssdi disability benefits?
ok to get the return i need to fill out the ss-1099 right? ive never even seen one