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Show S.S. benefits not taxable Social Security . Benefits are not taxable and should not be reported as income on your Federal income tax return, Roland Ro-land V. Wise, Director of Internal In-ternal Revenue for the Utah District, advised. Social Security Benefits, are, however, used in computing the retirement income credit and also are important in determining de-termining a claim for a dependency depen-dency examination. When an individual receives Social Security Benefits which are less than one-half of his total support, Mr. Wise added, your contribution toward his support may entitle you to claim him as a dependent. Remember, Re-member, you must furnish more than half of the dependent's depen-dent's total support for the year. I |