Do I have to pay taxes on income from Social Security Disability (SSD) payments?
Social Security Disability payments are taxable income. but you still may or may not have to pay taxes on the income.
Social Security Disability (SSD) benefits are considered taxable income by both the federal and state governments. Whether or not you will be required to pay taxes on your benefits depends upon your total income (or total combined income if filing a joint return.) If your taxable exceeds tax thresholds, you may need to pay taxes on SSD income.
Most people on SSD will not have to pay taxes. This is largely due to total income being limited for recipients of Supplemental Security Income (SSI), who may also need to meet income requirements to qualify for SSD that would make it less likely to be in a higher tax bracket simply by default.
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Los Angeles Insurance Bad Faith Attorneys
The attorneys at Donahue & Horrow, LLP, are experienced at pursuing denied disability claims in California and they offer their services for disability claims on a contingency basis. You will not have to pay our attorneys to pursue your disability claim unless they obtain compensation for you. For many of our clients, the contingency fee arrangement is a relief because of the dire financial circumstances they may already be facing.
We understand that our clients, whether professionals, blue-collar workers or any other workers, depend on disability insurance coverage to pay their bills. We will work hard for our clients to obtain the relief that they need.
Contact our law office today to schedule a free initial consultation. We handle disability claims on a contingency basis so there is no fee unless we take your case and recover for you.