How are SSD lump sum payments for my children taxed.?
927135
SS disability payments aren't taxable,for either you or your children.
628607
You will no longer have to pay tax when you get your superannuation paid out when you're over the age of 60, whether you take a lump sum or regular pension. This starts on July 1, 2007. This will save retirees a lot of money and removes the crazy system where you got taxed three times - on contributions, on earnings, on exit. Now you will only pay tax on contributions and earnings but not when you withdraw.
685846
I believe you have to pay on any inheritance you receive.\n\nHere's a website that explains it and also has external links for more info:  http://www.answers.com/Inheritance%20Tax
738584
Your story is inconsistent with normal operation for tax collectors.  You should provide more detail as to who is doing all of this stuff.  It is not at all uncommon for tax examiners to question if a child being used to qualify for Earned Income Credit lives with the taxpayer and to require some proof of that if there seems to be a question.  If children are removed from the taxpayers home by a social service agency that has nothing to do with the "tax collector".
327664
Child support is neither deductable nor considered taxable income.  \n\nIf you pay - you cant deduct\nIf you recieve - you dont count it as income\n\nIf you are smart you have take the deduction(s) for the kid at least every other year.
203857
You can not take a deduction for them. If they had a social security number and lived here and you pd 50% of their support you could. You might see if there is a non profit (like a church) org that you could donate to that would help your family. That would be the only way. Bless you for taking care of them!!!
50
You can withdraw the money for childrens higher education. Details:<br />\nHigher education expenses.   Even if you are under age 59½, if you paid expenses for higher education during the year, part (or all) of any distribution may not be subject to the 10% additional tax. The part not subject to the tax is generally the amount that is not more than the qualified higher education expenses (defined later) for the year for education furnished at an eligible educational institution (defined later). The education must be for you, your spouse, or the children or grandchildren of you or your spouse.
1103245
To help support your child, since your earnings are only a percentage of what they were. Your SSI benefit will be a specific percentage of your previous salary. And it's not all that high. So you get a little more for each child. It's to cover food, educational materials, clothing, recreation, and .....I forget, but one last category. Also, how much was saved for her future education.\n\nAlso, be sure to keep track, at least the first year, of what you spend for your daughter. In about a year, you will be asked to explain it to SSI. You won't have to provide receipts or any other proof, just give a lump sum for each category. But it may be helpful for you to keep receipts for yourself, or keep track in a notebook or something. The first time you get the paperwork for this, it can be overwhelming if you didn't know you'd have to do that. Hard to backtrack like that! They ask every few years.
160626
yes it is taxable but you have so many deductions with children you wont miss it
1168807
My 7 month old is being taxed on the interest in her savings.
1094441
As much as 85% of Social Security income is taxable at the federal level at your  tax rate.  Your other income, filing status, and marital status determine how much of the Social Security income is taxable to you.\n\nPensions are fully taxable at the federal level, some governmental pensions are not fully taxed at state and local levels.
102162
It depends on what it is they are withholding.  If your employer gets an official notice for child support, for example, they don't have to even notify you of the withholding.  It will just be done.
69068
First off yes you can only if she has not claimed him on her taxes because the child can only be claimed once on a tax form because they go by their social security number, Next if she has not claimed the child then you have to have supported the child 51% of his clothing, schooling, eats, housing and care in general. If this is the case then yes you should be able to claim the both of them only if she is not filing and claiming the child herself. Also the child tax credit is only 800.00 this year instead of 1,000.00 like in 2005. Well I hope that this info has helped you and if you need more info her is the web site to the internal revenue service.\nwww.irs.gov
909477
If your future spouse works, they take that into consideration. SSD may cut your check some depending on how much your spouse makes but you wont lose all of it.
1064011
1. report them to the inland revenue (HMR&C)\n2. when doing your tax return, you dont actually need to send them in with your tax return, so enter the figures, claim tax as being paid, and await your refund, yey
1000471
Looking at your answers so far, mine might be a bit generous, but I got the accountant who sits by me to work it out - so here goes:\n\n£5,035 is not taxed (this has recently gone up)\n£2,150 is taxed at 10% (£215)\n£11,815 is then taxed at 22% (£2,599)\n\nThat means that £2,814 is deducted each year, leaving you with £ 16,186 which is £1,349 per calendar month take home pay.
146175
Its not taxed. you may have to pay taxes. I have a family of me and my son, Ig ot a tatol of $24,000 back from SSI, I didnt have to pay taxes on any of it. Cause of how many people live in my household. Call the IRs and ask them. They will be able to tell you. Also ask SSI the amount of your back pay. then call the IRs, They will be able to tell you better.