Guide to Social Security Benefits

Do You Have to Pay Taxes on Social Security Benefits?

Question of the Week: Should I file a Tax Return If I Receive Social Security Benefits?

Many people who receive Social Security benefits always wonder if their benefit is taxable and if they should file a tax return. To help answer this question, let’s first determine what Social Security benefits are.

Social Security benefits including the following below and may be taxable:

  • survivor
  • monthly retirement
  • disability benefits

Around tax season, you will receive Form SSA-1099, which will report the total benefits.

Read moreDo You Have to Pay Taxes on Social Security Benefits?

Do I have to pay taxes on my hobby?

Is Your Side-Hustle a Hobby or Business for Taxes?

Have you started your side-hustle or thinking about starting one? If so, it’s time to determine how to turn your side-hustle from hobby to business.

Whether you’re an online influencer, travel blogger, artist or musician, you need to know your status and if the IRS recognizes your hobby as a business. This is important in determining if you need to file taxes.

So, let me explain the difference to you!

Read moreIs Your Side-Hustle a Hobby or Business for Taxes?