Social Security and Power of Attorney

May 25, 2020

You might think because you have “Power of Attorney” for your relative or loved one you will be able to conduct business for them with the Social Security Administration. The agency does not recognize “Power of Attorney” and this document will get you no information from Social Security about your relative or loved one. Social [...]

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Replacing Your Social Security Card

May 15, 2020

Millions of people request replacement Social Security cards every year. Social Security has recently changed the rules for accepting applications for these cards. Here is what you need to know to get your Social Security card replaced. In order to replace your Social Security card you will need to fill out an application; the application [...]

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How Social Security Works: The Trust Fund

March 26, 2020

A common misconception about Social Security is that: “The money I pay into Social Security is my retirement or disability, and when I retire that pile of money is there waiting for me.” In fact, the taxes you pay on your wages fund the Social Security Trust Fund, which actively pays the people who are [...]

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Are Social Security Benefits Taxable?

February 25, 2020

Social Security benefits are not exempt from Federal income tax. This is true for both Social Security retirement and disability benefits. SSI benefits however, are not taxable. Whether or not you have to pay income taxes on these benefits depends on your total income for the year. For most people who receive Social Security benefits [...]

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Voluntary Tax Withholding

August 9, 2019

If you find yourself owing money to Uncle Sam every year in April, voluntary tax withholding from your Social Security benefits could be the answer for you. If you receive Social Security Retirement or Disability benefits you can designate a percentage of your benefit amount to be paid to the IRS each month. This amount [...]

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