Depending upon your total income, social security benefits may be considered taxable income either entirely or in part. If you receive social security benefits and are required to file a tax return, you must include all the income that you receive on your return. If social security is your only source of income then you are probably not required to file a tax return. However, some taxpayers must still file even if none of their social security benefits are taxable. In other cases, it may be advantageous to file a return even if you are not required to do so.
... Read More