http://www.bankaholic.com/finance/when-is-your-ssi-taxable/ Blogging about personal finance, foreclosures, mortgages, interest rates, and budgeting. Wed, 18 Nov 2009 03:45:46 -0500 http://wordpress.org/?v=2.8.4 hourly 1 http://www.bankaholic.com/finance/when-is-your-ssi-taxable/comment-page-1/#comment-8130 Judith Sat, 25 Oct 2008 15:40:59 +0000 http://www.bankaholic.com/finance/when-is-your-ssi-taxable/#comment-8130 Your answer to "When is your SSI taxable?" is confusing to me. First, SSI (Supplemental Security Income) is different from Social Security retirement, survivors, or disability benefits. SSI payments are from the Federal Gov. to individuals who have little, or no income. Although SSA administers the SSI program, it is not the same as Social Security. Social Security benefits are based upon an individuals work history, and may be taxable as you describe above. My understanding is that SSI income is not taxable to the recipient; but when the recipient of the SSI pays for his living expenses in the form of room and board to his parents, do the parents have to claim that as income on their taxes? Your answer to “When is your SSI taxable?” is confusing to me. First, SSI (Supplemental Security Income) is different from Social Security retirement, survivors, or disability benefits. SSI payments are from the Federal Gov. to individuals who have little, or no income. Although SSA administers the SSI program, it is not the same as Social Security. Social Security benefits are based upon an individuals work history, and may be taxable as you describe above. My understanding is that SSI income is not taxable to the recipient; but when the recipient of the SSI pays for his living expenses in the form of room and board to his parents, do the parents have to claim that as income on their taxes?

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