I received my 1st check Oct 2010 and just sent my taxes to my preparer (yesterday) and asked him the same question, but he has not emailed me back yet. However, according to the government website, it is usually not taxed but depends on other income you might have. http://www.socialsecurity.gov/planners/taxes.htm Some people have to pay federal income taxes on their Social Security benefits. This usually happens only if you have other substantial income (such as wages, self-employment, interest, dividends and other taxable income that must be reported on your tax return) in addition to your benefits.
Carol in Logansport, IN Date: Fri, 8 Apr 2011 14:07:57 -0700 From: [email protected] To: [email protected] Subject: [TMIC] disbaled social security benefits to anyone receiving disabled social security monies. I received a letter today stating that I will receive my first check May 11th. signed up for it on Nov 5th. wont get any retro pay. is this money taxed?
