Key Takeaway: The Social Security contribution limit for 2013 was $113,700: Social Security contributions are deducted from an individual’s paycheck to provide retirement, disability, and survivor benefits. The contribution limit for 2013 was $113,700, which means that an individual’s earnings above this threshold were not subject to Social Security taxes. The limit is determined by…
Key Takeaway: The National Committee to Preserve Social Security and Medicare advocates for the protection and strengthening of Social Security and Medicare programs, ensuring these vital resources are available for future generations. The organization provides public education and advocacy efforts to inform the public, policymakers, and the media about the importance of Social Security and…
Key takeaways: O/A/O stands for “Own Account, Account of Another, Own Account.” It means that the Social Security check is being deposited into an account where the payee has authorization to access the funds for their own use or for the use of someone else. There are several reasons why O/A/O may be used on…
Key Takeaway: A Social Security Card is an important document used for identification and verification of citizenship, as well as for employment and tax purposes. Without a Social Security Card, individuals may not be able to access government benefits or employment opportunities. When applying for a Social Security Card, it is important to have the…
Key Takeaway: DraftKings requires your social security number for identity verification: DraftKings asks for your social security number to comply with federal and state regulations, as well as to prevent fraud and ensure fair play. Compliance with regulations is necessary: By asking for your social security number, DraftKings ensures compliance with federal and state regulations,…
Key Takeaway: The idea of Social Security was born out of the Great Depression, when millions of Americans were left without jobs or income, and the government recognized the need for a safety net for its citizens. The Social Security Act was passed in 1935, under the presidency of Franklin Delano Roosevelt, and was a…
Key Takeaway: Women need to know that they qualify for Social Security benefits based on their own work history and earnings, as well as spousal and widow/widower benefits. Understanding the requirements for each type of benefit is important for maximizing overall benefits. Factors like work history, earnings, marital status, and divorce can all impact Social…
Key Takeaway: Social Security recipients are eligible for the stimulus checks in 2022: Individuals who receive Social Security and other federal benefits will qualify for the stimulus checks in 2022 as long as they meet the income requirements. The IRS has a timeline for issuing stimulus checks: The IRS will start issuing the first batch…
Key Takeaway: Budget cuts can negatively impact the Social Security system, leading to reduced funding and decreased benefits for recipients. This can cause increased financial strain for the elderly population who rely on Social Security as their primary source of income. In addition to reduced benefits, budget cuts can also lead to delayed retirement age…
Key Takeaway: The Social Security Office in Las Vegas, Nevada is located at 1250 S Buffalo Dr Suite 150. Directions to the office by car can be found by using online map services or GPS. The office is also accessible by bus, with several routes that stop nearby. The office offers a range of services,…
Image credits: retiregenz.com by Harry Jones How many credits do you need to qualify for Social Security benefits? In order to qualify for Social Security benefits, it is important to have enough credits. These credits are earned through paying Social Security taxes during your working years. The number of credits you need varies based on…
Key Takeaway: The minimum social security benefit for 2022 is $886 per month for individuals with 30 or more years of substantial earnings. This is an increase from the 2021 minimum benefit of $868.80 per month. The benefit amount is calculated based on the average indexed monthly earnings (AIME) of the individual over their highest-earning…