Q. My wife receives Social Security disability income and my 12-year-old daughter qualifies and receives Social Security dependent income. Do I need to file taxes for my daughter on the income she received from Social Security?
A: According to the IRS website, generally, if Social Security benefits were your only income, your benefits are not taxable and you probably do not need to file a federal income tax return.
IRS Topic 423, "Social Security and Equivalent Railroad Retirement Benefits," provides good information about tax rules applying to Social Security benefits.
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Marc J. Minker, Managing Director & National Practice Leader – Private Client Services, New York, N.Y.
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