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Social security


mary7

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I was notified that I was "awarded" social security.

Doesnt feel like an award:(

 

The date of my disability was changed by them to 1 year AFTER my first stroke. That adds a year to the 2 year wait for medical coverage.

Any retro $ goes to the LTD company.

My son wasnt included and when he gets included any of the $ he gets also has to go to the LTD company.

Doesnt seem right but thats what it is.

 

I have to be thankful that I had LTD from my job at all I guess. Nothing will really change except maybe the tax thing...Is SS income taxable?

 

I know that I cant but I want to be able to work.

I have a really hard time accepting that.

 

I think God brought me home out of the workforce and with a small income for a reason.

 

Now I need acceptance and to find something that helps me feel useful.

 

 

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Are Your Social Security Benefits Taxable?

 

 

IRS TAX TIP 2006-30

 

How much, if any, of your Social Security benefits are taxable depends on your total income and marital status. Generally, if Social Security benefits were your only income, your benefits are not taxable and you probably do not need to file a federal income tax return

 

If you received income from other sources, your benefits will not be taxed unless your modified adjusted gross income is more than the base amount for your filing status. Your taxable benefits and modified adjusted gross income are figured in a worksheet in the Form 1040A or Form 1040 Instruction Booklet.

 

Before you go to the instruction book, do the following quick computation to determine whether some of your benefits may be taxable:

 

 

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