Social Security Recipients Need Their Benefit Statement for Filing Taxes

Social Security beneficiariesmight not have to file taxes this year, but whether you do depends on your circumstance.

The Social Security Administration had beensending annual benefit statementsto beneficiaries since 1999.

BecauseSupplemental Security Incomeis not considered taxable income, SSI recipients will not receive a benefit statement.

What is the benefit statement used for?

Social Security recipients whose primary income source is their benefits likely won’t have to file taxes.

The benefit statement can help you determine whether any of your benefits are considered taxable.

When do you typically receive your benefit statement?

The SSA typically mails out benefit statements in January and this is how a majority of recipients receive theirs.

For more, don’t misswhy Social Security Disability recipients might have to file taxes this year.