Social Security Benefits & Taxes: The Facts

Tax on Social Security benefits

Social Security Benefits & Taxes: The Facts Social Security benefits include monthly retirement, survivor, and disability benefits; they do not include Supplemental Security Income (SSI) payments, which are not taxable. Generally, you pay federal income taxes on your Social Security benefits only if you have other substantial income in addition to your benefits. Examples include wages, self-employment, interest, dividends, and … Read More

Relief for Taxpayers Struggling with Tax Debt

tax debt

RELIEF FOR TAXPAYERS STRUGGLING WITH TAX DEBTS While there have always been payment options available from the IRS to help taxpayers struggling to pay tax debts, the new IRS Taxpayer Relief Initiative was put into place to expand these options and offer relief during the pandemic. These revised COVID-related collection procedures will help taxpayers, especially those who have a record … Read More