Social Security Retirement Benefits

September 23, 2018

In order to qualify for Retirement benefits under Social Security you need to work and pay Social Security taxes for a minimum of ten years. The ten year requirement does not mean that the ten years of work has to be continuous; Social Security breaks your work record up into “quarters of coverage” or “credits.” [...]

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Replacing Your Social Security Card

June 25, 2018

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 7, 2018

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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Social Security 1099 Forms

January 6, 2018

As of today Social Security has completed mailing form 1099 to all Disability and Retirement beneficiaries. The amounts on this 1099 have been reported to IRS for tax purposes. Remember, Social Security benefits (with the exception of SSI) are not exempt from Federal income tax. Whether or not you have to pay income tax at [...]

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Are Social Security Benefits Taxable?

October 28, 2017

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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