If you receive Social Security benefits, you probably know about the SSA-1099 or SSA-1042S tax form. Each January, the Social Security Administration (SSA) mails this document to help you report your ...

If it was not your fault and you are experiencing financial hardship, you may be able to have the SSA forgive your ...

Retirement and disability funds face depletion in the next decade, with Congress urged to act to correct the looming ...

When you apply for Social Security benefits, you can request to have federal income taxes withheld from your payments. However, if you’re already receiving benefits or want to make changes, the ...

Supplemental Security Income (SSI) payments aren’t taxed. If SSI is the only payment you receive from us, we won’t send you a Benefit Statement. Select the “Replace Your Tax Form SSA-1099 ...

Social Security would take the $20,400, add it to any other income you have, and then tax it at your regular income tax rate. If you're in the 22% tax bracket , you'd owe $4,488 on the $24,000 you ...

If you're trying to collect Social Security benefits, it's important to know how your tax debt could impact that. ... as many other forms of income can be garnished at much higher rates.

Each year, the Internal Revenue Service sets a maximum amount of income that is subject to the Social Security tax. For 2019, the taxable wage base limit is $132,900.