Social Security Administration

  • Minimizing the Income Tax on the Receipt of Lump-Sum Social Security Benefits
    Sometimes a taxpayer will receive Social Security benefits in one lump sum. A taxpayer might have to pay income taxes on up to 85 percent of these benefits. However, a taxpayer may make an election under Section 86(e) of the Internal Revenue Code to minimize the income tax on the receipt of the lump-sum Social Security benefits. Why would a taxpayer receive lump-sum Social Security benefits? A taxpayer could have been receiving Supplemental Security Income (SSI), which is tax free. Then, th Read More...
  • Social Security: Will It Be Enough For Retirement?
    Social Security retirement benefits are based on three major factors: you current age, your age when you begin receiving benefits, and your past earnings. You are free to stop working and start receiving Social Security benefits anytime between the ages of 62 and 70. But you age impacts on how much you will end up getting. In the past, you would expect to get your full benefits once you hit that magical age of 65. But that's not quite how Social Security works now. There are many sources of in Read More...
  • How To File For Social Security Disability Benefits
    The law defines disability as the inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment(s) which can be expected to result in death of which has lasted or can be expected to last for a continuous period of not less than 12 months. This must be shown by medically acceptable clinical and laboratory diagnostic tecnniques. There are two programs administered by the Social Security Administration (SSA). First is the Social Secur Read More...
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