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Paying Taxes On Social Security Disability Benefits

Are you ready to fight for your benefits with a lawyer that is dedicated to helping you get results? If so, it is time to contact Sullivan Law Office today.

It is tax season and many disability clients ask whether their benefits are taxable. The answer is fairly simple, which is that for most people, social security benefits are not taxable. This typically remains the case despite the presence of any other income. There is no tax imposed by the State of Kentucky on social security benefits.

Yet if a beneficiary and/or spouse have another source of significant income, the possibility exists that benefits may be taxed by the federal government. If social security benefits are indeed taxable, no more than 85% of such benefits will ever be taxed.

Adjusted gross income (AGI) plus nontaxable interest and ½ of social security benefits equal a beneficiary’s “provisional or combined income.”  If this income equals more than $34,000, up to 85 percent of benefits may be taxable. If filing as an individual or jointly and combined income is between $25,000 and $34,000, 50 percent of benefits may be taxable. It is likely that married taxpayers filing separately will pay tax on social security disability benefits.

Every application for social security benefits requires the consideration of a substantial list of issues over the life of a case. It’s one matter to apply for and receive benefits, but it’s another to understand what happens after this occurs over the long road ahead. The Sullivan Law Office provides over twenty-five years of experience and can represent and assist you throughout the entire process in many kinds of disability cases, including Social Security Disability, long-term disability, short-term disability, state retirement and workers’ compensation. Contact the Sullivan Law Office today. We offer free consultations, so you have absolutely nothing to lose! We look forward to hearing from you. Call 888-587-0228 or visit us online.

Paying Taxes On Social Security Disability Benefits

2017-06-09T12:34:02+00:00