Tax Information for Social Security Recipients
Understanding Your Annual Benefit Statement
We redesigned the Social Security Statement to make it easier for you to read and find the information you need. This year, for example, you earn one credit for each $1,220 of wages or self-employment income. When you've earned $4,880, you've earned your four credits.
Benefits for Family Members
If you die this year, members of your family who may qualify for monthly benefits include:
- Spouse if caring for a disabled child or.
Accessing Your Statement Online
You can get your Social Security Statement online by using your personal mySocial Security account.
Tax Season Preparation
Tax season is approaching, and we have made replacing your annual Benefit Statement even easier. By accessing your statement online, you can easily retrieve the information you need for tax filing.
Remember to consider the following when preparing your taxes:
- Report all of your income, including Social Security benefits.
- Deduct eligible expenses to reduce your taxable income.
- File your taxes on time to avoid penalties.
By following these steps, you can ensure that you receive the full benefits of your Social Security and file your taxes accurately and efficiently.
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