TAXES

Discussion in 'Fibromyalgia Main Forum' started by LEFTYGG, Sep 16, 2005.

  1. LEFTYGG

    LEFTYGG Member

    this may be a stupid question but im new to these things. do i have to pay taxes on ssd and the back lump sum i received. im just preparing id rather look stupid to you all than my tax preparer. thx GAIL
  2. suzetal

    suzetal New Member

    You do not have to pay taxes.I collect LTD from private Ins. co. When we did our taxes we did not count my LTD toward our income.

    You do need to turn in what you made for the yr. but do not pay taxes on disability income.

    Sue
  3. mymissy

    mymissy New Member

    I live in Missouri and here we have to pay taxes on our ssd. I haven't gotten my back pay yet, but bet I have to pay on that too. Have you started getting checks yet? They'll asked if you want taxes withheld or if you want to claim it all at the end of the year. Good luck.

    Patty
  4. LEFTYGG

    LEFTYGG Member

    YES IVE GOTTEM CHECKS AND THEY DIDNT ASK ME ANYTHING AND LUMP SUM WAS 32,000 SO THERE WOULD BE A LOT I OWE
    THX FOR REPLY GAIL