You may have to pay federal taxes on your Social Security benefits, depending on the same types of factors that normally determine who pays federal income tax:
- Are you filing as an individual or jointly?
- What was your income?
- How much of your income consisted of Social Security benefits?
For a full explanation about taxes that you owe, consult with your state and/or local taxing authority as well as with the Internal Revenue Service (IRS). At The Klein Law Group, P.C., we work to help clients maximize their likelihood of success when filing for Social Security Disability benefits and other sources of relief related to injuries and disabilities. Helping injured people obtain maximum available compensation and benefits is the core mission of this New York law firm.
While we can provide some general principles regarding benefits and taxation, we always recommend that our clients consult with a tax law attorney or accountant once they begin receiving benefits. Contact us regarding how to apply for Social Security and how SSD benefit amounts are determined.
Contact Our Lawyers To Discuss Details About Social Security Disability Claims And Benefits
Discuss answers to the question, “Will I have to pay income tax on Social Security benefits I receive in New York?” with relation to your own circumstances by reaching out to The Klein Law Group at 917-639-5350. Request a free consultation.
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