Is social wellbeing taxable? If I am file as one beside my wife ..who works...?
she pays taxes...do I even need to metion it on my 1040?..and If I do ..we also want to know if in 2006 we have to also claim ss..if only she worked??
Answers: If you folder a joint return near your wife, you need to show your ss on the return and divide to see if any of it is taxable. Up to 85% might be, depending on your total joint income.
Sometimes. Yes, you report it, and subdivision of it may be taxable since you file a united return. Depends on income. However, filing make you eligible for the rebate this summer. Report it in 2006 also.
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Answers: If you folder a joint return near your wife, you need to show your ss on the return and divide to see if any of it is taxable. Up to 85% might be, depending on your total joint income.
Sometimes. Yes, you report it, and subdivision of it may be taxable since you file a united return. Depends on income. However, filing make you eligible for the rebate this summer. Report it in 2006 also.