Ask Larry

Who Pays The Taxes?

I am 63 and have a 15 year old daughter. I understand she can get 1/2 of my max benefit until she graduates High School. I can still work but am wondering about taxes. Does she pay or do i pay on hers?

Hi,

Your daughter's benefits are considered as her income, not yours, so you won't be liable for paying taxes on them. And, unless she has a yearly income of more than $25,000 counting one-half of her SS benefits, she won't owe tax on them either.

Best, Jerry

Posted: 
Jun 30 2016 - 10:45am
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