Social Security

What are the different types of Social Security benefits?
There are several different types of Social Security benefits. The most common are Retirement, Spousal, Widow(er)'s, and Disability. We explain the dif...
Thu, 18 Jun, 2020 at 11:20 AM
How does the Bipartisan Budget Act of 2015 affect me?
If an individual was born on or before 5/1/1950 and they suspended their retirement benefit on or before the 4/29/2016 deadline to do so under the old rules...
Thu, 18 Jun, 2020 at 11:04 AM
What are Childhood Disability Benefits (CDB), Social Security Disability Benefits (DIB) and Supplemental Security Income (SSI) benefits?
Our software accounts for people currently receiving a Social Security Disability Insurance benefit (DIB) based on their own record, which is distinct from ...
Thu, 18 Jun, 2020 at 11:05 AM
For benefit amounts or estimates, do you want the gross benefit amount before deductions?
We want the gross amount before any deductions for Medicare premiums, taxes, etc.
Thu, 18 Jun, 2020 at 11:25 AM
What do you mean by past covered earnings?
Covered earnings are employee wage earnings you have paid Social Security taxes on. On your Social Security statement, these are the amounts in the Taxed So...
Thu, 18 Jun, 2020 at 11:26 AM
Can I use my benefit amount instead of my actual past covered earnings history?
You can enter your past covered earnings manually, import them from the Social Security website, or, if you are not currently working in employment covered ...
Thu, 18 Jun, 2020 at 11:35 AM
Why can't I use my benefit amount and enter current or future covered earnings?
If there are current or future covered earnings on a record, in order to accurately account for the ensuing re-computation of benefits, we must have the act...
Thu, 18 Jun, 2020 at 11:37 AM
Should I enter foreign income and pensions?
Our software handles income earned by you or your spouse that is considered to be covered by Social Security due to Social Security totalization agreements....
Thu, 18 Jun, 2020 at 11:37 AM
Does the software account for the Government Pension Offset and the Windfall Elimination Provision?
We fully account for both the Government Pension Offset (GPO) and the Windfall Elimination Provision (WEP). You can enter information about pensions based ...
Thu, 18 Jun, 2020 at 11:38 AM
Is there any benefit to waiting beyond age 70 to file for retirement benefits?
There is no gain to waiting beyond age 70 to file for your retirement benefits. You can retroactively collect up to 6 months of post age-70 retirement benef...
Thu, 18 Jun, 2020 at 11:38 AM