Do I have to pay income tax on my supplemental security income and pensions?

Jjjj asked...

Do I have to pay income tax on my supplemental security income and pensions?

Expert Answer

Barbara Steinberg is the CEO and founder of BLS Eldercare Financial Solutions, which specializes in helping families pay for long-term care for their loved ones. A registered financial gerontologist, she speaks regularly on the topic of paying for long-term care and is a financial expert for Caring.com.

You do not have to pay income tax on Supplemental Security Income (SSI). This is different from Social Security which may be partially taxable depending on your income. On the other hand, your pension is taxable. Since you are on SSI, the income from your pension should be low enough that you do not pay any taxes. It never hurts to check your specific situation with a professional to make sure this is the case.