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Your social security benefit statement

 

By: Stephanie Holland, Social Security Public Affairs Specialist

It’s that time of year again: time to start preparing to file your taxes. If you receive Social Security benefits, one of the documents you will need when filing your federal income tax return is your Social Security Benefit Statement (Form SSA-1099).

About one-third of people receiving Social Security benefits must pay taxes on some of these benefits, depending on the amount of their taxable income. This usually happens only iff you have other substantial income — such as wages, self-employment, interest, dividends, and other taxable income that must be reported on your tax return — in addition to your Social Security benefits. You will never have to pay taxes on more than 85 percent of your Social Security benefits, based on Internal Revenue Service (IRS) rules.

You automatically receive your 1099 form each January. It shows the total amount of benefits you received in the previous year so you know how much Social Security income to report on your tax return. The 1099 form is not available for people who receive Supplemental Security Income (SSI), as SSI payments are not taxable.

Social Security makes it easy to obtain a replacement 1099 form if you didn’t receive one or misplaced yours. You can get a replacement quickly by using your secure online my Social Security account. If you don’t already have an account, you can create one in minutes. Open your own personal my Social Security account today at www.socialsecurity.gov/myaccount. Once you are logged in, select the “Replacement Documents” tab to obtain your replacement 1099 form.

You can also obtain a replacement 1099 form by calling us at 1-800-772-1213 (TTY 1-800-325-0778), Monday through Friday from 7 a.m. to 7 p.m., or by contacting your local Social Security office. If you live outside of the United States, please contact your nearest U.S. Embassy or Consulate.     

Stephanie Holland is the Public Affairs Specialist for West Michigan.  You can write her c/o Social Security Administration, 455 Bond St, Benton Harbor MI 49022 or via email at stephanie.holland@ssa.gov  

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