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back pay and taxes..
my advice to new people is if your are approved for SSDI , before you get your back pay ask if they will with hold taxes :) before they send it to you :)when you apply becuase sometimes the money just shows up in your acount before youeven get a letter
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Yeesh! I made a big mistake...we do have to pay taxes! (friend said we don't):eek:
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Yes it is taxable income. Just like having a job.
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This isn't true. If LTD/SSDI is your only income-then its non-taxable. Only becomes taxable if you have other income(25,000 if single,32,000 if married). Mine is tax free.
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It is very true , for us my husband still works and he makes over 32000, a year and my ssdi is 85 per cent taxable, the back pay and the monthly income. :) for those of you who make less then that and are married you are safe , also the state of Miichigan does not tax any of it :) only Fed
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