Are Social Security Disability Benefits Taxable in Waco?
If you’re worried about losing some of your Social Security Disability (SSD) benefits to taxes, that’s only natural.
You’re already struggling with health problems. You can’t work. You’ve lost your income.
Disability benefits give you some relief. But when it comes to money, you’re still going through one of the hardest times of your life.
Here’s some good news: Most people don’t have to worry about income taxes cutting into their benefits.
Only about one-third of people who receive disability benefits pay income taxes on those amounts, according to the Social Security Administration (SSA).
A large majority of people – two-thirds – don’t pay income taxes on disability benefits.
Attorney Merryl Jones encourages you to talk to a tax professional about your particular tax consequences of receiving disability benefits.
But if you want to understand more about when disability benefits are taxable, get started by seeing the information we’ve gathered from the government below.
And if you still need to apply for Social Security Disability benefits, we’ll evaluate your case for free.