Understanding your Social Security benefits can be difficult because Social Security is a complex topic. If you’re overwhelmed by the prospect of filing your tax return, or if you’re concerned that Social Security benefits could be reduced by 20% in less than ten years, we’re here to help.
Understanding your Social Security benefits can be difficult because Social Security is a complex topic. (Photo: Tododisca)
It’s tax time. What information do I need to know about my Social Security benefits?
Tax season has arrived. The deadline for filing your tax return is Tuesday, April 18. Yes, you may have all the time to file your return, but that deadline will sneak up on you. To avoid last-minute stress, get your tax questions answered and file your return as soon as possible.
When will my Social Security check arrive?
Knowing when your monthly check will arrive is essential whether you’re a new Social Security recipient or have been receiving it for decades. Your payment date is determined by your birthday and the date you began receiving benefits. These are updated monthly to reflect the exact dates the Social Security Administration will disburse your payment.
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I won’t be able to collect Social Security benefits for several years. What should I be aware of now?
Regardless of how close you are to retirement, planning for Social Security is critical. However, it’s never too early to learn how your benefits will work once you’re ready to start collecting them.
Additional Social Security information to be aware of
Aside from Social Security benefits, knowing critical information about your Social Security number and card can help you avoid future blunders.
What is the relationship between Medicare and Social Security?
In the United States, Medicare insurance is available to people 65 and older and certain people with disabilities. The program is intended to assist with the cost of healthcare and prescription medications. It’s a good idea to review how it works, whether you receive it now or plan to in the future.
READ ALSO: Social Security Benefits May Decrease By 25% In The Coming Years
