Tax Season — It’s About What You Know
Reading Time: 2 MinutesLast Updated: March 17, 2016
Did you know that your Social Security benefits may be taxable?
This includes your monthly retirement, survivor, and disability benefits. About one-third of people receiving Social Security benefits must pay taxes on some of these benefits, depending on the amount of their taxable income. This may happen if you have other significant income in addition to your Social Security benefits.
To find out whether you must pay taxes on your benefits, you will need your Social Security Benefit Statement (Form SSA-1099/1042S). You should automatically receive it in the mail each January. It shows the total amount of benefits you received from Social Security in the previous year so you know how much Social Security income to report to the Internal Revenue Service on your tax return. The benefit statement is not available for people who receive Supplemental Security Income (SSI), as SSI payments are not taxable.
If you didn’t receive your Benefit Statement or misplaced it, you can get an instant replacement easily by using your secure my Social Security account. If you don’t already have an online account, you can create one in minutes. Go to the my Social Security page, and select “Sign In or Create an Account.” Once you are logged in, select the “Replacement Documents” tab to obtain your replacement 1099 or 1042S benefit statement. You can also use your personal my Social Security account to keep track of your earnings each year, manage your benefits, and more.
You can also obtain a replacement benefit statement by calling us at 1-800-772-1213 (TTY 1-800-325-0778), or contacting your local Social Security Office. If you live outside of the United States, please contact your nearest U.S. Embassy or Consulate.
Don’t wait. Be ready! Open your own personal my Social Security account today.
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About the Author
Jim Borland, Assistant Deputy Commissioner, Communications
Jim Borland, Assistant Deputy Commissioner, Communications
Comments
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Carole
What about the SS trust fund?
It’s been spent on wars and other things. So as I see it the government needs to borrow more $$$ from China to repay SS and to quit talking about cutting benefits. Makes no sense whatsoever.
Paying tax again on SS benefits is just plain crazy.
Arnetta P.
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rick p.
iN nj all IS TAXED, 100% NICE Im on SSD at 66 years old
Edward L.
I’ve been working every since I was 14 or 15 years old and Social Security taxes now I’m a 68 and still paying Social Security taxes. It’s not fair for a Working Class People the work all their lives for their social security retirement and then had to pay taxes on that. When people from foreign countries come into our country and had not paid a penny into Social Security taxes than we did. Get housing -,food.Medical Care the state give them. Lot of them Get Low percentage money to start a new business and don’t have pay taxes or three to four years or more. Its about time the Americans stand up and say no. Look at the senators and they don’t pay taxes. Look at all the benefits they get. Don’t pay taxes. When they do. They have loopholes so that they don’t have to pay taxes.
Mac
I understand that the U.S. Senate was evenly divided on taxing Social Security income. Republicans were 100% against it while the Democrats were 100% for it.
Vice President Al Gore cast the deciding vote in favor of taxing your Social Security income.
Barbara R.
I have been doing vita for 29 years(it is a free service for low income families to have their taxes done) That includes a lot of us seniors I have been complaining about this program for 20 years and it is wrong. I have started a petition to at least get the amounts changed from 32,000 to 50,000 and 25,000 to 40,000 at least that would help some. Also significant amounts of retirement is a joke. My husband and I get ss benefits which are not huge and we cannot make or get anymore than 14,000 out of our retirement or part of our ss will be taxable. I assure you that Congress could not live on what most of us do. I was told the petition is the best way to at least change the law so that is what I am doing. You can complain or you can try and change what is wrong. If you complain and don’t vote you have no right to complain because you are not any better than the political system. Remember it is a privilege to vote. The flat tax would be better than what we have right now. It is America and I don’t want to live anywhere else, so it is time we shut up and get in the process to change things remember the squeaky wheel gets the oil.
Dennis
If Jimmy Carter wouldn’t have opened ssa to non payers this program would be in good shape. TRUMP
Tony
So true Dennis…. wonder if SSA would release that data of how many receive SSA that never worked a single day in their lives?
Lance
remember this when you VOTE!!
tony
The only person responding to the post is Ray Fernandez. What do you expect him to do? He is not the President or a Congressman. I am pretty sure he is tired of all this junk that we post because he has to read all of them. He is doing a great job.
tony
All of you like that lifestyle you are living. None of you want to go to jail. Just keep on paying your taxes like good citizens.