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Medical Forum / Diseases and Disorders / Arthritis / January 2006Federal disability taxable?
Anyne know if federal employee disability is a taxable income? TIA Kate >Anyne know if federal employee disability is a taxable income? TIA Kate > > Yes it is. We were caught unknowing this last year and had to pay both fed and state tax. We opted for voluntary tax deductions and hope this year will be ok. Lyn > Yes it is. We were caught unknowing this last year and had to pay both > fed and state tax. We opted for voluntary tax deductions and hope this > year will be ok. Hmmm, is SSDI taxable as well? Carole >> Yes it is. We were caught unknowing this last year and had to pay >> both fed and state tax. We opted for voluntary tax deductions and [quoted text clipped - 3 lines] > > Carole Actually, that is what I was talking about. Lyn > Actually, that is what I was talking about. > > Lyn Hmmm, then why don't they ask you if you want money taken out? If I have to pay, I'll scream! But I do have a ton of deductions, so hopefully I'll be OK. Who do you contact to have deductions taken out? Thankfully we don't have state tax in Washington :) Carole If you go to www.ssa.gov and go into the disability section there is a question and answers about this. If your total taxable income including SSDI is between $25000 and $34000 you may be taxed on 50% of your SSDI. There are other factors to consider also. Ann > If you go to www.ssa.gov and go into the disability section there is a > question and answers about this. [quoted text clipped - 3 lines] > > Ann Oh, no way :) My gross was only $21,000 this year including my SSDI. Once I take all my medical deductions, and my standard deduction and all that, I should be OK then :) I'll check out the link. Thanks, Ann :) Carole >> Actually, that is what I was talking about. >> [quoted text clipped - 6 lines] > > Carole We use H&R and our accountant gave us the number to call. Lyn That's taxing us on a tax we already paid! Ain't it great? DeeTee >>> Yes it is. We were caught unknowing this last year and had to pay both >>> fed and state tax. We opted for voluntary tax deductions and hope this [quoted text clipped - 7 lines] > > Lyn > That's taxing us on a tax we already paid! Ain't it great? > > DeeTee Not really. We only paid half of the tax. So taxing half for those with other income isn't much of a reach. Taxing 85% for those with a lot of other income is justified in that most who live to collect Social Security will collect far more than was paid in to their account. Jo Gotta love the government! Lyn >That's taxing us on a tax we already paid! Ain't it great? > [quoted text clipped - 20 lines] > > > Anyne know if federal employee disability is a taxable income? TIA Kate SSDI is taxed in the same way that regular social security is taxed. Not ordinarily a problem if you and any spouse are retired any was. It is only taxed if you have other income over certain levels. Where you have a married couple and one has decent earnins and the other is on social security. you will likely pay tax on 85% or your social security. JO How about Back Pay...How do they tax that? Mike and I both recieved back pay this year as well...I think we are in big trouble... Cindy > Anyne know if federal employee disability is a taxable income? TIA Kate > How about Back Pay...How do they tax that? Mike and I both recieved back > pay this year as well...I think we are in big trouble... > Cindy >> Anyne know if federal employee disability is a taxable income? TIA Kate If you received social security payment for prior years you have a choice in how it is taxed. You can just follow the rules as though it was all for this year, or you can recalculate how much of it would have been taxable in the years it was paid for. A little difficult, but there are worksheets on the IRS site, or you can get some help. Jo |
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