In March 1985, the Grand Forks Herald published my first article and waited to see if any readers would notice. Enough did and today, 31 years later, this weekly Social Security article appears in four states and online. This is my last one.
Q. How is SSI different from Social Security? A. Supplemental Security Income and Social Security are completely different programs. A person can receive both if meeting the separate rules of each. Here are a few more of the differences between these two national programs. Social Security includes retirement, survivor and disability benefits. SSI is for people older than age 65, disabled adults and disabled children who have limited income and resources.
Q. When do Social Security survivor benefits begin? A. Social Security survivor benefits can begin effective with the month of death, assuming there are eligible family members to pay.
Q. When do Social Security survivors benefits begin? A. Social Security survivors benefits can begin effective with the month of death, assuming there are eligible family members to pay.
Q. How long will it take Social Security to change my direct deposit account? A. This depends on computer processing dates during the month, your payment date and when you contact Social Security. Direct deposit is the term for electronically sending your benefit payment directly to your financial institution.
Q. Do I pay income tax on my Social Security benefits? A. Perhaps. Some people have to pay federal income taxes on their Social Security benefits. This usually happens only if you have other substantial income (such as wages, self-employment, interest, dividends and other taxable income that must be reported on your tax return) in addition to your benefits. No one pays federal income tax on more than 85 percent of his or her Social Security benefits based on Internal Revenue Service (IRS) rules.
Q. For taxes, how do I replace my 1099 from Social Security? A. The Social Security Administration 1099 tax form is mailed each January to everyone receiving Social Security benefits. For tax purposes, it shows the total amount of benefits received by you from Social Security in the previous year.
Q. For taxes, how do I replace my 1099 from Social Security? A. The Social Security Administration 1099 tax form is mailed each January to everyone receiving Social Security benefits. For tax purposes, it shows the total amount of benefits received by you from Social Security in the previous year. If a replacement 1099 is needed, the easiest and fastest way to obtain one is through your online, personal pin and password-secured my Social Security account. Once logged on to your personal account, select the "Replacement Documents" tab and request a replacement.
Q. I started Social Security retirement at age 66 and received monthly benefits since that time. Now that I am 70, do I get delayed retirement credits?
Q. Where can I learn more about Medicare so I can get the right plans for my needs?