Key Takeaway: There are multiple ways to find the location of a social security drop box, including searching online for nearby social security offices, contacting the social security administration directly, and requesting specific drop box locations for submitting documents. When using a social security drop box, it is important to ensure that all necessary documents…
Key Takeaway: The Social Security Exempt Amount is the maximum amount of earnings an individual can make without affecting their Social Security benefits. The Social Security Exempt Amount is calculated annually based on specific criteria, including age and disability status. For 2021, the Social Security Exempt Amount is $18,960 for individuals who have not reached…
Key Takeaways: Calculating AGI with Social Security involves determining the benefits received, adding other income sources, and subtracting adjustments to income. By accurately calculating AGI, individuals can determine their taxable Social Security benefits and eligibility for certain tax credits and deductions. Married couples filing jointly and those with additional sources of income should take special…
Key Takeaways: Reporting the theft of your social security number is extremely important. Contact the Social Security Administration and call the Federal Trade Commission as soon as possible to prevent any further damage. Monitoring all your accounts is critical to ensuring that additional fraudulent charges are not made. Check your credit reports regularly and alert…
Key Takeaway: Eligibility for spousal benefits: To qualify for spousal benefits, your spouse must be at least 62 years old and have worked for at least 10 years. Additionally, you must be currently receiving Social Security retirement or disability benefits. Amount of spousal benefits: The amount of spousal benefits you and your spouse may receive…
Key Takeaway: TCS stands for Taxable Combination Services, which is a combination of income and benefits that may be subject to taxation under certain circumstances in Social Security. TCS can impact Social Security benefits as it can potentially reduce the benefit amount for those who are subject to taxes on their benefits. To find TCS…
Key Takeaway: Gather all required documents, such as a birth certificate or passport, a driver’s license or state ID, and your previously issued Social Security number if applicable. Download and fill out the SSA-SSN-1 form, providing all required information and signatures. Submit your completed form and documents either by mail or in-person, and await the…
Image credits: retiregenz.com by Harry Duncun Jobs that require a social security number alternatives This article provides information on available jobs for individuals without a social security number. The following alternatives may be explored: Freelance Jobs: These jobs are not governed by U.S. government regulations, and individuals can work from various locations without a social…
Key Takeaway: An annuity is a contract between an individual and an insurance company, where the individual pays a lump sum or series of payments in exchange for a guaranteed stream of income for a specified period or for life. An annuity can affect social security benefits depending on the type of annuity and the…
Key Takeaways: Missouri taxes Social Security benefits: Social Security benefits are subject to taxation in Missouri, but the state has specific rules that determine how much of the benefits are taxable, based on the recipient’s income. Individuals can minimize Social Security tax in Missouri: Strategies for minimizing Social Security tax include deferring benefits, spreading out…
Key Takeaway: Social Security’s processing time for the medical portion takes an average of 3-5 months at the initial application stage, 3-5 months at the reconsideration stage, and 12-18 months at the disability hearing stage. The processing time may vary depending on the complexity of the case and the workload of the Social Security office….
Key Takeaway: A Social Security Card is an important government document that contains a unique, nine-digit number used to track individuals’ lifetime earnings and guarantee access to government benefits. In Jackson, MS, there are three ways to get a Social Security Card: by visiting the local Social Security Administration (SSA) office, by applying online through…