I am on social security disability and have a trust set up for me. How much taxes will I have to pay?

I am on social security disability and have a trust set up for me. How much taxes will I have to pay Asked by tlb5859 1 month ago Similar questions: social security disability trust set taxes pay Business > Taxes.

Similar questions: social security disability trust set taxes pay.

Unable to determine with the information provided. SSD by itself is not taxable, and the money sitting in the trust is not taxable to you as long as it stays in the trust. But, if you take income from the the trust, and then add that to the SSD, if the total comes to $25,000 or more if single or $32,000 if married, 50% of the disability benefit will be added to the trust income for tax purposes.

If the amount is $34,000 if single or $44,000 if married then 85% of the SSD is added to trust income for tax purposes. If the two added together come to less than the above amounts, only the trust income is subject to tax.

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