If my husband goes into a nursing home and enrolls in Medicaid, will I lose all of his Social Security check?Read more
Do I Need to Pay Income Taxes on My Social Security Benefits?
- April 1st, 2014
Many people do not realize that they may need to pay income taxes on their Social Security benefits. (This includes monthly retirement benefits, Social Security Disability Insurance benefits and survivor benefits.) Supplemental Security Income benefits are never taxed.
The good news is that if Social Security benefits are your only income, you will likely be below the taxable level. However, if you have other income, you may have to pay taxes.