SSDI.. Are kids benefits taxable?

[Hoosier_Daddy]

I finally received my first monthly benefit from SSDI today. I set it up to have taxes taken out. I filled out the form to have this done. I also have 2 kids that get monthly benefits. I didn't know if minor dependents had to pay taxes on this or not. Any information is appreciated. Thanks!

[jayne]

nope they dont....

[Still in Limbo]

From what I Understand, and I'm on SSDI, and I have never Paid Taxes, as the Funds are Tax Exempt. Am I Missing Something??

[Hoosier_Daddy]

With my income now with SSDI and my wife's income we will go over the threshold for having to pay taxes. You can either have them take out 7,10,15,25% in taxes. I went for the 25% so I will not have a tax bill at the end of the year.

[jayne]

your childrens SSDI is not even put on your tax paperwork....

[Hoosier_Daddy]

jayne, thanks for the information. That is great news for us.

[jayne]

yes we have 3 still at home...and always we take the kids forms from SSDI to our tax person and she gives them back and says they arent taxable....now ours gets taxed because of Bills 2 retirement checks.

[Hoosier_Daddy]

Yes I figured we would owe on mine, as my wife works and with both income's I am sure they will tax it. So I took out the most you can take out so there will be no surprises at the end of the year.

[Still in Limbo]

Thanks for the Info. Hoosier, I Learned Something Today. I was always under the Understanding that even if Your Wife Works, Your SSDI Income is not Added as Taxable Income. It's good to know about this, My Brother-in-Law is a CPA and Corporate Tax Attorney, when I Speak with Him I will Mention it, but I'm Sure You are Correct! Thanks Again for the Info.!!