Supplemental Security Income Recipients, Act Now – Go to IRS.gov – A Message from Social Security Commissioner Andrew Saul

Supplemental Security Income (SSI) recipients who don’t file tax returns will start receiving their automatic Economic Impact Payments directly from the Treasury Department in early May. People receiving SSI benefits who did not file 2018 or 2019 taxes, and have qualifying children under age 17, however, should not wait for their automatic $1,200 individual payment. They should immediately go to the IRS’s webpage and visit the Non-Filers: Enter Your Information section to provide their information. SSI recipients who have dependent children and did not file 2018 or 2019 taxes need to act by Tuesday, May 5, in order to receive additional payments for their eligible children quickly.  Continue reading

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Act Now – Go to IRS.gov – A Message from Social Security Commissioner Andrew Saul

Social Security beneficiaries and Supplemental Security Income (SSI) recipients who don’t file tax returns will start receiving their automatic Economic Impact Payments directly from the Treasury Department soon. People receiving benefits who did not file 2018 or 2019 taxes, and have qualifying children under age 17, however, should not wait for their automatic $1,200 individual payment. They should immediately go to the IRS’s webpage and visit the Non-Filers: Enter Payment Info Here section to provide their information.  Continue reading

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Supplemental Security Income Recipients Will Receive Automatic COVID-19 Economic Impact Payments

The Treasury Department announced that Supplemental Security Income (SSI) recipients will receive automatic Economic Impact Payments directly from the Treasury Department.  Treasury anticipates these automatic payments to go out no later than early May. Continue reading

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Commissioner of Social Security Shares Update about COVID-19 Economic Impact Payments for Beneficiaries

“I want to provide an update to people who receive benefits from the Social Security Administration.

The Department of the Treasury (Treasury) announced on April 1 that Social Security beneficiaries who are not typically required to file tax returns will not need to file an abbreviated tax return to receive an economic impact payment. The Internal Revenue Service (IRS) will use the information on the Form SSA-1099 to generate $1,200 economic impact payments to Social Security beneficiaries who did not file tax returns in 2018 or 2019.

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Social Security When You Are Self-Employed

man and woman cooking Most people who pay into Social Security work for an employer. Their employer deducts Social Security taxes from their paycheck, matches that contribution, sends taxes to the Internal Revenue Service (IRS), and reports wages to Social Security. However, self-employed people must report their earnings and pay their Social Security taxes directly to the IRS. These taxes will help determine your eligibility for benefits later. Continue reading

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You’ve Worked Hard for the Money — Now Protect It!

World Elder Abuse Awareness Day LogoMost of us work hard to save and plan for our retirement. But there are people who work just as hard to take it away from us. Who are they? Phone scammers.

While I was working from home the other day, my phone rang three times. A robotic voice told me that I was in debt to the IRS and needed to pay immediately or I would go to jail. I knew it was a scam because the IRS will NOT contact me by phone; but, I wondered, if I were home alone and did not know these types of scams exist, would I be frightened enough to send money? Continue reading

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Own a Small Business? File Your W-2s Online

two women on laptop If you’re a small business owner, you know you have to file your Form W‑2 information with Social Security every year. You might not have realized you can save time and avoid errors by filing online.

The filing deadline for tax year 2016 is January 31, 2017. Getting started is easy.  Just register for Business Services Online. It’s free, fast, and secure! Simple fill-in pages guide you through each step of entering your W‑2 information for each employee, and providing it to Social Security. The website automatically totals your entries and creates Form W‑3, Transmittal of Wage and Tax Statements. The site also includes fill-in pages for filing Forms W‑2c, Corrected Wage and Tax Statement. Continue reading

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