If SSDI benefits are subject to tax, what portion is taxable? The short answer is either 50 percent (50%) or eighty-five percent (85%), depending on your income. If one-half (1/2) of a single person’s benefit plus the rest of his or her income is less than $34,000 (this threshold is $44,000 for a married couple filing jointly), then only 50 percent (50%) of his or her SSDI benefit will be taxed. If a beneficiary’s income plus one-half (1/2) of his or her benefit exceeds these thresholds, then 85 percent (85%) of the benefit is taxable.
- Why Do Estate Plans Fail and Not Work as Intended? The Answer Lies Below …
- “Your Home, Your Deed, Your Legacy – Ensuring Stability in Baltimore City through Legal Services” co-authored by Olivia Holcombe
- Elville and Associates’ Principal Stephen R. Elville Partners with University of Maryland Autism Research Consortium for Nationwide Webinar Series and Panel Discussion
- The Future of Pro Bono in Maryland
- Elville and Associates Partners with Maryland ABLE to Offer Special Needs Planning Workshop to Harbour School at Annapolis Parents
- Lindsay V.R. Moss, Esq., Becomes Partner at Elville and Associates, P.C.
- A Guide for Making Room for Grief in Work & Life
- How One Thing Might Lead to Another
- How Will My Agent Know Where My Property Is – and How to Access It? The Maryland Fiduciary Access to Digital Assets Act, Digital Storage Options, Safe Deposit Boxes, and Good Old Fashioned Record-Keeping
- The Movement to Improve End-of-Life Health Care Planning