Are Monthly SSD Payments or Lump Sum Payments Taxable?

Are Monthly SSD Payments or Lump Sum Payments Taxable?

  • The Taxability of these Payments involved knowledge on your overall Household Income, and the Amount of the Payments
  • You need to report all of your Social Security Earnings at Tax Time
  • Most States do not Charge Taxes on Social Security Earnings
  • Individuals who Pay Taxes on their Payments generally live in a Household that makes over $32,000 a year

This short informational video was provided by Anne Howard, an Experienced Connecticut Social Security Disability Lawyer.