Question re Social Security and Taxes

JudyL · ‎07-11-2010

Good morning!

2023 was my first year to receive Social Security. I'm wondering do we get a W-2 sort of form from SS like we did from our employer?

Thanks for your help!

catter70 · ‎10-11-2017

Yes.

skamom · ‎10-06-2012

yes, I just got mine yesterday

Still Raining · ‎03-30-2014

Should be a 1099 I think. And yes they know where you live 😵‍💫

KailaS · ‎03-09-2010

Yes, it comes in early January. Mine came yesterday, Jan. 2.

JudyL · ‎07-11-2010

Thank you all for your responses.

@Still Raining - your response made me chuckle. Yes, indeed, they do know where we all live HAHA

meem120 · ‎03-09-2010

Yes I received mine yesterday. I also have my Federal taxes taken out monthly so I dont owe my taxes all at once.

luvmyteddy4 · ‎09-04-2010

If you make under a certain amount you don't have to file a return. It used to be under 24,000 a year, not sure what it is now. I used to file a return but then figured out I didn't need to.

I never file a Federal return but I do file for the Homestead Act to get a refund. It's where you're a certain age or disabled and you own your home and still have a mortgage. It depends on your state too.

I do it online each year.

CelticCrafter · ‎03-09-2010

@meem120 wrote:
Yes I received mine yesterday. I also have my Federal taxes taken out monthly so I dont owe my taxes all at once.

@meem120 I do too and I'm having it changed to a lesser amount. The COLA increase is less than the increase for my Supplement plan, not by much at all, but every year we get $ back on our tax return and I'm not letting them have it to play with all year long anymore.

Jaspersmom · ‎06-08-2011

Yes, you will get a 1099 which will list not only what you collected in SS payments, but what you paid to Medicare as well. I get Medicare Part B reimbursement from my former employer, so I have to send a copy of my 1099 to them. I have federal taxes taken out monthly, so I don't owe anything at the end of the year. It's your call if you want federal taxes taken out, but if you make above a certain income, it might be worth it. You can change it any time by going to the SS website. If I remember correctly, it's a percentage that you choose.