Social Security Administration no longer mailing out earnings statements to workers

The Social Security Administration (SSA) has announced that it is no longer mailing out annual earnings statements to workers. The statements show how much workers have paid into the Social Security system and how much they are scheduled to receive in retirement benefits. The SSA said that the decision was made ""in light of the current budget situation."" It advises workers to estimate their retirement benefits using the ""Retirement Estimator"" on its website. Workers may use the ""Retirement Estimator"" if they have enough Social Security credits to qualify for retirement benefits and are not: (1) currently receiving Social Security benefits on their own Social Security record; (2) age 62 or older and receiving benefits on another Social Security record; or (3) eligible for a pension based on work not covered by Social Security. Published reports say that the SSA is working on providing the annual earnings statements electronically, possibly by the end of the year.

Question or concerns please contact our office or your SSA office.

Popular posts from this blog

2019 Extended Tax Return Filing Deadline

IRS reminds taxpayers who filed an extension that the Oct. 15 due date approaches File and pay electronically, request direct deposit for refunds WASHINGTON – The Internal Revenue Service today reminds taxpayers who filed an extension that the Oct. 15 due date to file 2019 tax returns is approaching. Taxpayers should complete their tax returns and file on or before the Oct. 15 deadline. Convenient electronic filing options , including IRS Free File , are still available. Taxpayers and tax professionals should continue to use electronic options to support social distancing and speed the processing of tax returns, refunds and payments. Although Oct. 15 is the last day for most people to file, some taxpayers may have more time. They include: Members of the military and others serving in a combat zone . They typically have 180 days after they leave the combat zone to file returns and pay any taxes due. Taxpayers in federally declared disaster areas who already had
Read more