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.
