Asked 10/7/2011
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Ssid and child support payments/ whos income on an application? I lve in florida. i receive ssi. my son receives child support and ssid from his disabled father. when I fill out applications about income...is the child support and ssid income considered my income or the childs? |
Answer 1/1 - Submitted 10/7/2011
The SSID and the child support are different from other kinds of income.
The child support you receive is not considered your income for income tax purposes. But if you are filling out an application that is intended to determine your ability to meet your expenses and bills every month, then you should indicate the child support as part of the funds available to you to pay bills.
The SSID, however, is income that's taxable to the child. Usually this works to the benefit of adults because the child will not have enough income to require payment of income taxes, whereas the adults would want to keep their income low to avoid high taxes.
Therefore, when you fill out applications about your income, for example to receive some government benefits, you will want to keep your income as low as possible. You truthfully can leave the child support and SSID off your income, because even if you have to attach your tax return as proof of your income, those two items would not be included in your gross income on the return.
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