Are social security survivor benefits for children considered taxable income?
The person who is legally receiving the benefits must determine whether the benefits are taxable. For example, if you and your child receive benefits, but the check for your child is made out in your name, you must use only your part of the benefits to see whether any benefits are taxable to you. One half of the part that belongs to your child must be added to your child’s other income to see whether any of those benefits are taxable to the child. References: IRS Publication 915, Social Security and Equivalent Railroad Retirement Benefits.
The person who has the legal right to receive the benefits must determine whether the benefits are taxable. For example, if you and your child receive benefits, but the check for your child is made out in your name, you must use only your part of the benefits to see whether any benefits are taxable to you. One half of the part that belongs to your child must be added to your child’s other income to see whether any of those benefits are taxable to the child. References: • Publication 915, Social Security and Equivalent Railroad Retirement Benefits • Tax Topic 423, Social Security and Equivalent Railroad Retirement Benefits 7.1 Child Care Credit/Other Credits : Child and Dependent Care Credit & Flexible Benefit Plans My spouse and I both work and are eligible for the Child and Dependent Care Credit. May I include my 5 year old son’s parochial school kindergarten tuition cost as a qualified expense in Form 2441, Child Care Expenses? The expenses for kindergarten do not qualify for the dep
• The person who has the legal right to receive the benefits must determine whether the benefits are taxable. • If you and your child receive benefits, but the check for your child is made out in your name, you will use only your part of the benefits to see whether any benefits are taxable to you. • The amount of income tax that your child must pay on that part of the benefits that belong to your child depends on the total amount of income and benefits for the taxable year.
The person who has the legal right to receive the benefits must determine whether the benefits are taxable. If you and your child receive benefits, but the check for your child is made out in your name, you will use only your part of the benefits to see whether any benefits are taxable to you. The amount of income tax that your child must pay on that part of the benefits that belong to your child depends on the total amount of income and benefits for the taxable year.
The person who has the legal right to receive the benefits must determine whether the benefits are taxable. For example, if you and your child receive benefits, but the check for your child is made out in your name, you must use only your part of the benefits to see whether any benefits are taxable to you. The amount of income tax that your child must pay on that part of the benefits that belong to your child depends on the total amount of income and benefits for the taxable year. Refer to Publication 915 and Tax Topic 423, Social Security and Equivalent Railroad Retirement Benefits.
