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Who Pays The Taxes?
I am 63 and have a 15 year old daughter. I understand she can get 1/2 of my max benefit until she graduates High School. I can still work but am wondering about taxes. Does she pay or do i pay on hers?
Hi,
Your daughter's benefits are considered as her income, not yours, so you won't be liable for paying taxes on them. And, unless she has a yearly income of more than $25,000 counting one-half of her SS benefits, she won't owe tax on them either.
Best, Jerry
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Posted:
June 30, 2016