QUESTION
Do I have to report to the social security even if the money that I got is from a private injury and not from them?
Asked on Dec 04th, 2013 on Personal Injury - Idaho
More details to this question:
If I haven't received any benefits from social security awaiting hearing, and my settlement from ankle injury comes first, do I have to report it to the social security?
4 ANSWERS
I am not an expert in this field but a personal injury settlement is considered to be a property loss and is not taxable so it probably should not be considered income either [if part of the settlement was for lost wages, that is reportable as income].
Answered on Dec 11th, 2013 at 6:31 PM
Chapter 7 Bankruptcy Attorney serving Syracuse, NY
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Andrew T. Velonis, P.C.
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You do if you are asked.
Answered on Dec 11th, 2013 at 4:56 AM
Ronald A. Steinberg
No, because it is NOT earned income. Money from an injury merely reimburses you for your losses.
Answered on Dec 06th, 2013 at 8:52 PM
Commercial Contracts Attorney serving Boise, ID
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Peters Law, PLLC
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I don't see why. As long as Medicare has not paid for any of the injuries, they do not need to be reimbursed. Your Social Security Disability will be for your inability to work, not for your injury. However, if you have an attorney, talk with him or her about the issue.
Answered on Dec 06th, 2013 at 8:52 PM