Our daily roundup of retirement news your clients may be thinking about.
Is Social Security disability taxable? Clients may pay taxes on their Social Security Disability Insurance benefits if 50% of the benefits and their other income exceeds $25,000 (for singles) or $32,000 (for couples filing joint returns), according to The Motley Fool. If they receive Social Security disability benefits under the Supplemental Security Income program, clients will face no tax liability since the program is for those who have limited income and financial resources. –The Motley Fool
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