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SSDI.. Are kids benefits taxable? - Printable Version

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SSDI.. Are kids benefits taxable? - Hoosier_Daddy - 08-03-2009

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!


RE: SSDI.. Are kids benefits taxable? - jayne - 08-03-2009

nope they dont....


RE: SSDI.. Are kids benefits taxable? - Still in Limbo - 08-03-2009

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??Wink


RE: SSDI.. Are kids benefits taxable? - Hoosier_Daddy - 08-03-2009

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.


RE: SSDI.. Are kids benefits taxable? - jayne - 08-03-2009

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


RE: SSDI.. Are kids benefits taxable? - Hoosier_Daddy - 08-03-2009

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


RE: SSDI.. Are kids benefits taxable? - jayne - 08-04-2009

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.


RE: SSDI.. Are kids benefits taxable? - Hoosier_Daddy - 08-04-2009

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.


RE: SSDI.. Are kids benefits taxable? - Still in Limbo - 08-04-2009

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.!!Wink


RE: SSDI.. Are kids benefits taxable? - indyCai - 03-17-2016

(08-03-2009, 11:36 AM)Hoosier_Daddy Wrote: 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!

Good for you. I hope i can get mine too for my 3 kids. I have huge espenses especially that I am also paying for their baby sitting.