Is Social Security Income Included in Taxable Income?

Did you receive social security income during the year?

If so, you'll get a Form SSA-1099 which reports the total payments during the year.

Depending upon your total income, you may be subject to federal income taxes on those SSA payments.

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#IRS #socialsecurity #ssa1099

DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal, or accounting strategies demonstrated in this video. Thank you.