Hi John,
I've been on SS disability since early 1996;got tm August 1995.
Did it say in your acceptance letter you would not get retroactive 5 months?As
far as I know,everyone gets a check (or direct
deposit ) with 5 months benefit. I remember I had to send mine to the long
term disability insurance company,because they had paid my full 60% from onset
of my benefits. (Now I get half from each,until June when I turn 65 and my LTD
ends and my pension starts.)
Every January,I get a SS Benefit Statement.It shows:
my net benefit
medicare pat B deducted from my benefit
adds the 2 and that is my total benefit
On the other side there is Notice 703-Read this to see if your SS benefits
may be taxable
Line A enter total benefit
Line B enter one half of line A
Line C enter your total income that is taxable ,such as
pensions,wages,etc.
Line D enter any tax exempt interest
Line E add lines B,C,and D and enter Then read below
Part of your SS benefits may be taxable if for 2010 you were
1) single and line E is above $25,000
2) married ,file jointly and line E is above $32,000 OR
you file separately and line E is more than zero(more than $25,000 if
you lived apart from your spouse for all of 2010
I am divorced and have not filed any tax return since I became disabled,but
I almost reached the $25,000 limit this year.
I hope this helps;contact me with any questions,and I'll try to help.
Cheryl in sunny Easthampton,MA
--- On Fri, 4/8/11, john snodgrass <jcs...@yahoo.com> wrote:
From: john snodgrass <jcs...@yahoo.com>
Subject: [TMIC] disbaled social security benefits
To: "transverse myelitis" <tmic-list@eskimo.com>
Date: Friday, April 8, 2011, 5:07 PM
to anyone receiving disabled social security monies.
I received a letter today stating that I will receive my first check May 11th.
signed up for it on Nov 5th.
wont get any retro pay.
is this money taxed?
