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  1. #11
    Join Date
    Jun 2014
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    3,212

    Default Re: Ss Benefits and Ugma Account

    Quote Quoting Taxing Matters
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    They are the child’s benefits, not your benefits, and thus not includable on your tax return. Moreover, the SSI benefits the child is receiving is not taxable income to the child, either.
    Taxing Matters, if the parent claims the child as a dependent wouldn't the total income be what decides if taxes have to be paid ?

  2. #12
    Join Date
    Oct 2014
    Posts
    8,238

    Default Re: Ss Benefits and Ugma Account

    Quote Quoting as42dcwsdf2
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    Taxing Matters, thank you and if I may ask another question.

    My child received a SSA-1099. If the SSI benefits to the child are not taxable income then why would there be a 1099 issued?

    Regards
    Assuming your daughter is unmarried, then the Social Security benefits will only be taxable if the total of (1) one-half her Social Security benefits plus (2) all her other income together exceed $25,000. So, unless she had some significant income aside from the Social Security, none of the Social Security is taxable. See IRS Publication 915 which explains all this.

  3. #13
    Join Date
    Jun 2014
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    3,212

    Default Re: Ss Benefits and Ugma Account

    If the child is married, the child wouldn't be eligible for benefits off of the parents record.

  4. #14
    Join Date
    Oct 2006
    Posts
    16,474

    Default Re: Ss Benefits and Ugma Account

    Quote Quoting Mercy&Grace
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    If the child is married, the child wouldn't be eligible for benefits off of the parents record.
    Mercy, the point is that the children's benefits are treated as the child's income for tax purposes, not the parent's income. Therefore, they would only be taxable to the child under the normal calculation to determine whether or not SS benefits are taxable. Taxing Matters was describing the normal calculation for a single person.

  5. #15
    Join Date
    Jun 2014
    Posts
    3,212

    Default Re: Ss Benefits and Ugma Account

    llworking, I was thinking about people that may read this thread in the future. I didn't want them to think a "child" that was married could receive these benefits. I apologize for any confusion

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