I've got a couple questions pertaining to how/if a disabled adult child receiving disability benefits will affect our tax situation. Any info would be hugely appreciated.
Any tax gurus here?
- Thread starter Crazy Carl
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Typically disability benefits are not taxable but that can all depend on your income level. You really need a professional to advise you on this.
I won’t give you advice because I know just enough to be dangerous, but be prepared to determine if his or her benefits plus any other income exceeds 50% of the total costs to support him or her. The benefits are likely not taxable income to anyone, but you may or may not get an exemption.
Does adult child mean a developmentally disabled person over 18?
Does adult child mean a developmentally disabled person over 18?
OP
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