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    bgrgrollr7's Avatar
    bgrgrollr7 Posts: 1, Reputation: 1
    New Member

    Jan 29, 2013, 11:15 AM
    What do I do about filing my taxes if all I get is disability ?
    I closed out my 401k and they took 261.00 in federal taxes out of it. Then I started receiving social security benefits. Do I need to file a tax return ?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,815, Reputation: 846
    Senior Tax Expert

    Jan 29, 2013, 11:34 PM
    HOW MUCH was the 401K distribution, and what is your age?
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert

    Jan 31, 2013, 06:08 AM
    Distribution from 401k will be treated as your income. If the distribution plus 50% of social security benefit exceed the base amount, then part of SS benefits are taxable.

    The base amount is $25,000 for single, head of household, married filing separately who did not live with the spouse in the year, and it is $32,000 for married filing jointly. For married filing separately who lived with the spouse any time in the year, the base amount is $0. Social Security Income and Disability Benefits Your U.S. Tax Return: The U.S. Income Tax Topics 1
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,815, Reputation: 846
    Senior Tax Expert

    Jan 31, 2013, 08:26 AM
    STILL need to know how much and your age!

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