ksbsnowowl
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- May 22, 2005
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Hi everyone,
I'm newly married (5 months ago), and 2006 was my first year of full-time work after graduating college, so this is all a bit new to me. I am filing as Married Filing Jointly.
Now, my wife is deaf (I'm hearing), and as such she got roughly $600 a month from Social Security prior to our marriage. However, this is something different than Social Security Disability Income (or so I've been told). Her parents run a farm, and as such, she's never really paid taxes before (the family didn't make enough).
After we married, my wife no longer qualified for the Social Security she got every month (I made too much money). So, she got $600/month from Jan - Aug. She has never recieved W2's or anything related to paying taxes on this money, ever.
While walking through Turbotax, it says SSDI is taxable. Is what my wife recieved SSDI or something else? If something else, what is it?
Is what my wife recieved taxable?
My wife is also still a college student. The State of Wisconsin has a Department of Vocational Rehabilitation (DVR) that supports disabled individuals that are working toward college degrees. For both the Spring 2006 semester and the Fall 2006 semester she recieved $2000 ($4000 total). The workers at the DVR office told her that she did not have to report this money to the IRS.
Is it actually taxable?
That ends the deaf-specific portions of my tax questions, but I'll add one more just in case someone happens to know...
My wife also has recieved many grants and scholarships to pay for college (she's very smart), as well as a small amount of governement student loans. As of right now (the start of the Spring 2007 semester) she has more than $4000 in excess grants, that she can have released from the university and do with it as she pleases (some of this is left-over from Fall 2006, but not all of it; some is from Spring 2007). Turbotax states that grants and scholarships not used for tuition, books, and supplies (so, grant money used for room and board, and other things not directly tied to learning) are treated as taxable income (which is news to me, as well as my parents...I'm sure very few college students ever report the scholarships they used for room and board). So, do I really need to report this extra money? I'm sure I should, but I've never heard of doing so before now.
If anyone has any insight on what I need to report I would be greatly appreciative.
I'm newly married (5 months ago), and 2006 was my first year of full-time work after graduating college, so this is all a bit new to me. I am filing as Married Filing Jointly.
Now, my wife is deaf (I'm hearing), and as such she got roughly $600 a month from Social Security prior to our marriage. However, this is something different than Social Security Disability Income (or so I've been told). Her parents run a farm, and as such, she's never really paid taxes before (the family didn't make enough).
After we married, my wife no longer qualified for the Social Security she got every month (I made too much money). So, she got $600/month from Jan - Aug. She has never recieved W2's or anything related to paying taxes on this money, ever.
While walking through Turbotax, it says SSDI is taxable. Is what my wife recieved SSDI or something else? If something else, what is it?
Is what my wife recieved taxable?
My wife is also still a college student. The State of Wisconsin has a Department of Vocational Rehabilitation (DVR) that supports disabled individuals that are working toward college degrees. For both the Spring 2006 semester and the Fall 2006 semester she recieved $2000 ($4000 total). The workers at the DVR office told her that she did not have to report this money to the IRS.
Is it actually taxable?
That ends the deaf-specific portions of my tax questions, but I'll add one more just in case someone happens to know...
My wife also has recieved many grants and scholarships to pay for college (she's very smart), as well as a small amount of governement student loans. As of right now (the start of the Spring 2007 semester) she has more than $4000 in excess grants, that she can have released from the university and do with it as she pleases (some of this is left-over from Fall 2006, but not all of it; some is from Spring 2007). Turbotax states that grants and scholarships not used for tuition, books, and supplies (so, grant money used for room and board, and other things not directly tied to learning) are treated as taxable income (which is news to me, as well as my parents...I'm sure very few college students ever report the scholarships they used for room and board). So, do I really need to report this extra money? I'm sure I should, but I've never heard of doing so before now.
If anyone has any insight on what I need to report I would be greatly appreciative.