Go Back   NeuroTalk Support Groups > General > Social Security Disability

question about filing taxes

Reply
Thread Tools Display Modes
Unread 01-19-2013, 02:46 PM   #11
LIT LOVE
Senior Member
 
Join Date: Mar 2010
Posts: 1,547
Default

Quote:
Originally Posted by mrsD View Post
No I don't have disability, just Social security (retirement), now. (The abbreviations confuse me, sorry).

I just became eligible in November.
Just making sure, since that would have caused you major problems.
LIT LOVE is offline   Reply With Quote
"Thanks for this!" says:
mrsD (01-19-2013)
Unread 01-20-2013, 05:14 AM   #12
razzle51
Member
 
razzle51's Avatar
 
Join Date: Aug 2006
Location: Iowa
Posts: 883
My Mood:
Default

file jointly
__________________
Remember That Life Is Short!!!" break the rules, Forgive quickly, Love truly, laugh uncontrolably, And never regret anything that made you smile
razzle51 is offline   Reply With Quote
Unread 01-20-2013, 07:31 PM   #13
finz
Senior Member
 
Join Date: Feb 2007
Posts: 1,804
My Mood:
Default

Mrs D,

I think you definitely should consult with a tax pro on that. The particulars (esp your basic tax rate if filing jointly) can change the correct answer.

It would seem like the 'obvious' answer to file seperately would be best for anyone collecting SSDI (and I'm assuming, but don't know for sure that SSRetirement would be the same), but I know in my case, our accountant still has my husband and I filing jointly. Whatever taxes we pay on my SSDI being combined with his in our total income is offset by the amount we save we him being able to claim me as a dependent, etc

I haven't had anything to do with my taxes since hubby and his accountant took over 20 years ago, so Ireally can't intelligently discuss the issue, but I wanted to let you know someone smarter than us at taxes has us filing jointly. I would guess, especially for last year when you only started collecting benefits at the end of the year, that you should do as you had been doing. Your question will probably be what to do for your 2013 tax year, due 4/2014.
__________________

.


Gee, this looks like a great place to sit and have a picnic with my yummy bone !
finz is offline   Reply With Quote
Unread 02-18-2013, 01:54 AM   #14
DonnaW1955
Junior Member
 
Join Date: Feb 2013
Posts: 7
Default

You may owe taxes, it depends upon what kind of a pension you and/or your spouse receive. Some of my DH's pension is taxable, it's the annuity and it is a whopping $610 a year, since his SSDI and his pension are his only income we do not have to file. Put we did file up until I stopped working, we still filed then just to get back what I paid in, I never saw it as negative because we always got something back
DonnaW1955 is offline   Reply With Quote
Unread 02-18-2013, 04:24 AM   #15
mrsD
Super Moderator
 
mrsD's Avatar
 
Join Date: Aug 2006
Location: Great Lakes
Posts: 28,271
Lightbulb

Quote:
Originally Posted by DonnaW1955 View Post
You may owe taxes, it depends upon what kind of a pension you and/or your spouse receive. Some of my DH's pension is taxable, it's the annuity and it is a whopping $610 a year, since his SSDI and his pension are his only income we do not have to file. Put we did file up until I stopped working, we still filed then just to get back what I paid in, I never saw it as negative because we always got something back
I don't have a pension. I do have an IRA and 401K that I do not
take $$ from, yet. Hubby is still working. I worked part time contingent at several jobs, for years so I could have my summers off. The type of work I did, led to poor vacation time, and even if I were eligible for 4 weeks they'd never let me have it all at once. So I just saved money and invested my own, instead of a pension. I do get some income reinvested from my investments, but they are modest. I haven't needed to dip into those yet.

Hubby typically uses TurboTax and he is going to start soon, and see if there is an answer there. The tax accountants he knows, have been vague about answering this question. Every year the tax laws seem to change anyway...

The standard answer we have so far is that filing joint, confers more benefits than if I filed separately with my low income. But I expect those rules will change soon.
__________________
aka mrsdoubtfyre
All truths are easy to understand once they are discovered; the point is to discover them.-- Galileo Galilei

.
Fall leaves in our backyard fountain 2014.
************************************
Please use the search function to find more information here in our forums. Your keyword must be at least 4 letters long. This is the handy link:


.


************************************
Here is a link to our guidelines that explains how to post links and information properly here due to copyright laws:


.
mrsD is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
This MAY help when filing... AllAmericanAmy Social Security Disability 3 10-15-2012 12:54 PM
Question about filing for adult child Cricket183 Social Security Disability 4 04-01-2011 08:40 PM
Anyone filing taxes as a small business owner? See Mari Bipolar Disorder 0 02-27-2011 04:13 AM
e-filing taxes Blessings2You The Stumble Inn 14 02-04-2011 08:44 PM
Question about filing for disability llrn7470 Reflex Sympathetic Dystrophy (RSD and CRPS) 4 01-15-2009 01:46 PM


All times are GMT -5. The time now is 09:12 PM.
Brought to you by the fine folks who publish mental health and psychology information at Psych Central Mental Health Forums

The material on this site is for informational purposes only, and is not a substitute for medical advice, diagnosis or treatment
provided by a qualified health care provider. Always consult your doctor before trying anything you read here.


Powered by vBulletin • Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.


All posts copyright their original authors Community Guidelines Terms of Use Privacy Policy
NeuroTalk Archives