Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Taxes (https://www.askmehelpdesk.com/forumdisplay.php?f=320)
-   -   I received SSD lump sum payment, how much taxes % will the IRS want back (https://www.askmehelpdesk.com/showthread.php?t=782503)

  • Jan 25, 2014, 05:14 PM
    DaniMani
    I received SSD lump sum payment, how much taxes % will the IRS want back
    I received my SSD lump sum payment after close to 3yrs waiting, now I am told I have to pay taxes on that lump sum of nearly 50K. What % do they want? The 50K is gone cause of all the money I borrowed from family and friends while waiting 3yrs to receive my SSD.
  • Jan 25, 2014, 09:27 PM
    AtlantaTaxExpert
    If the $50,000 is your ONLY income source, the tax should be about $5,062.

  • All times are GMT -7. The time now is 02:17 AM.