My son has been receiving Social Security survivor benefits since his dad died. In the past, I haven’t had to claim any of these funds. Are Social Security survivor benefits taxable — Does it make any difference if my son was adopted?
You’ll report any Social Security survivor benefits for your child on your child’s return. Only the person who has the legal right to receive the benefits includes the money in income (if taxable). This is true even if the Social Security survivor benefits are put in your bank account. It doesn’t make any difference if your son was or wasn’t adopted.
This is true as long as the child’s provisional income is less than the base amount. Provisional income is usually the sum of these:
- 50% of Social Security benefits
- Other taxable and tax-exempt income
The base amount is $25,000 for a single filer — or $32,000 for married filing jointly.
If a stay-at-home mom earned a salary, what would it be? Learn more about how much mom is worth at H&R Block.
Learn how you should report the tips you received on your taxes.
What is the process for reporting winnings from online gambling? Learn more from the tax experts at H&R Block
IRA terms and concepts can be confusing at times. We’re here to help. Find explanations for common IRA terminology from the tax experts at H&R Block.