SSDI Income and Tax

I live in Ga. I get ssdi income and my question is this. I have a pension that I can take lump sum. If I do so will this cause my ssdi income to be taxable due to the income? Will this effect the amount I get?

Thanks for any help

WKPONE12

Depends upon amounts and filing status. Ask a tax preparer.

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Quoting wkpone12

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I live in Ga. I get ssdi income and my question is this. I have a pension that I can take lump sum. If I do so will this cause my ssdi income to be taxable due to the income? Will this effect the amount I get?

Thanks for any help

WKPONE12

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It depends on how large the lump sum is. If you are single and SSDI is currently your only other income I can give you an idea...

(these numbers are rough)

If 1/2 of your SSDI plus the lump sum are less than 25k in total for the year, none of your SSDI will be taxable. If 1/2 of you SSDI plus the lump sum fall within 25k to 34k some of your SSDI will be taxable, and if 1/2 of your SSDI plus the lump sum exceed 34k then 85% of your SSDI will be taxable.