I am a residen alien with a LEGAL green card. are my ssa disability benefits taxable?

Asked over 1 year ago - Jonesboro, GA

I was awarded a lump sum and monthly payments.Is any of this taxable?

Attorney answers (4)

  1. Matthew Elon Abernethy

    Pro

    Contributor Level 7

    5

    Lawyers agree

    Answered . Yes the monthly SSA benefits are considered taxable income to the extent they replace lost income. Whether you will actually owe tax on the taxable income depends on your relative amounts of income and deductions.

  2. Loraine M. DiSalvo

    Pro

    Contributor Level 16

    4

    Lawyers agree

    Answered . Maybe. The answer depends on too many variables for anyone to answer it here. If you have other income (such as income from a spouse), then yes, a portion of your benefits may be taxable. If you are single and had no other income, then the benefits may not be taxable. You should consult an experienced CPA or other tax preparere for a review of your situation and help preparing the return, if one is needed.

    This answer is not intended to provide you with specific legal advice regarding your situation, or to create any... more
  3. Bruce Givner

    Contributor Level 19

    4

    Lawyers agree

    Answered . You should assume that the answer is "yes." Go to a licensed tax return preparer and have him or her run your precise numbers.

  4. Christopher Michael Larson

    Contributor Level 19

    2

    Lawyers agree

    Answered . It is taxable, but lump sum payments can be applied to multiple years using the "LSE Method." Speak with a tax preparer about doing this and it will not be lumped into one year and taxed at a higher rate as a result.

    Christopher Larson
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