Question
I have a question about SSI taxable income. Is supplemental security income taxable?
Answer
No, supplemental security income (SSI) payments aren’t taxable. They’re also not considered earned income for Earned Income Credit (EIC) purposes.
For dependency exemptions, SSI payments used for support are treated as support a third party provides.
Related Resources
How To Calculate A Capital Gain On Property
Do you need to know how to calculate a capital gain on inherited property that was later sold? Learn more from the tax experts at H&R Block.
What If Someone Else Pays Off Your Student Loans?
If you are lucky enough to have your student loans paid off by someone else, you may have to think about the tax implications. Learn more at H&R Block.
Reporting Roth IRA Contributions
Learn more about reporting Roth IRA contributions with advice from the tax experts at H&R Block.
Reporting Loss On Rental Property
Learn more about reporting loss on a rental property with help from the tax experts at H&R Block.
