Legal Question in Tax Law in Texas

Social Security & IRS for Inheritance

How does an inheritance of $8,000.00 affect someone that is 80 yrs old and on social security, as well as someone 56 yrs old and on social security disability and those in their 40's on California welfare? All living in California and receiving inheritance from someone who lived in Texas. As well as the affect on Social Security and Welfare, what is the affect on IRS taxes?


Asked on 5/02/05, 10:08 pm

1 Answer from Attorneys
Donald Field Donald L. Field, Jr., Attorney at Law

Re: Social Security & IRS for Inheritance

an inheritance is not subject to income taxes. it should also not affect social security as it is not earned income.

the inheritance may affect social security disability or welfare, however. in general, if the amount is over the base amount an individual is entitled to retain (varying depending upon the type of assistance received and the applicable law and regulation), it will offset any normal payments for a period of time.

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Answered on 5/04/05, 2:28 pm


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