A Look From the Other End

"Don't touch social security!" It's a battle cry echoed by many on both the left and the right of the political spectrum. Understandably, no one wants to see their benefits reduced. Maybe it's time to look at the other end. Not too far back, I met a young person (mid to late twenties...

Social Security Administration Announces 2012 COLA

For retirees and workers, there's good news, not-so-good news, and in-between news. Let's start with on a positive note: The Social Security Administration today announced the first cost of living increase in the past three years. If you're one of the 55 million Americans currently collecting...

Williams Mullen: Benefit Limits and Contributions for 2012

BY: CATHERINE M. MARRIOTT The Commissioner of the Internal Revenue has adjusted the dollar limitations for benefits and contributions that apply to retirement plans. The Social Security Administration has also adjusted the Social Security earnings limit. The change in the 2012 limits was triggered...

Annual SSA Earnings/Benefit Statements Ceased

In the past, each year the Social Security Administration (SSA) mailed a statement to all workers age 25 and older who were not receiving Social Security or Medicare benefits. The statement listed a worker's earnings record along with estimated benefit amounts at various retirement ages. For...

Unauthorized immigrants pay Social Security tax, won't benefit

"Billions of dollars deducted from paychecks issued to undocumented workers flow to the Social Security Administration (SSA) every year. Those workers almost certainly will never see that money again. Social Security officials keep a record of wages that do not match up with real names and...

America citizen sues for Social Security number

"Carlos Muñoz, born in Pharr, Texas, filed an application and produced numerous documents, including a Texas birth certificate, but only ever got the runaround from the Social Security Administration (SSA). Time after time, month after month, SSA told him to come back with a never...

Timing is Everything: Getting Your Driver’s License or Social Security Number

[Source: http://www.ice.gov/doclib/sevis/pdf/bm1112-05-dmv-timing.pdf ] To: All SEVIS Users Date: January 17, 2012 Re: Timing is Everything: Getting Your Driver’s License or Social Security Number Number: 1112-05 Comments To comment on this Broadcast Message, please e-mail SEVP...

The Future of a Generation: How New Americans Will Help Support Retiring Baby Boomers

"When it comes to the impending retirement of the baby boomers, U.S. policymakers must think beyond the current economic downturn and look at the decades that will follow. In doing so, they must recognize two fundamental truths about the economics of immigration to the United States. First...

Federal Appeals Court Rules Retirees Cannot Dodge Medicare Eligibility

By Anne Rabuck A federal appeals court has ruled [ enhanced version available to lexis.com subscribers ] that those over age 65 and eligible for Social Security cannot escape their automatic entitlement to Medicare Part A benefits unless they repay all the Social Security funds paid to them. Three...

A Recent Study on How to Outsmart Social Security

A savvy Sarasota or Bradenton Florida retiree can maximize their Social Security benefits by choosing to begin payments at just the right time. Eligible Sarasota and Bradenton residents who turn 62 this year must wait until age 66 to begin receiving full payments. But they can receive smaller payments...

Oast & Hook: Taxation of Social Security Benefits

By Andrew Hook As a firm specializing in assisting retirees and their families, Oast & Hook is frequently asked by its clients how their Social Security benefits are taxed. That depends on their other income. In the worst case scenario, 85% of the benefits would be taxed. (This doesn't mean...

State Net Capitol Journal: Helping Workers Help Themselves

When Dr. Dena Davidson graduated from the University of California, Berkeley School of Optometry in 1995, her expectations were pretty reasonable. "I knew being an optometrist was not going to make me rich," she says. "But I felt I would be fairly comfortable." To her, that meant...

Practical Tax Considerations Relevant to U.S. Totalization Agreements

Totalization agreements are one of the best kept secrets in the international tax arena. Very few practitioners know they exist, and fewer still know what those agreements do... ... Totalization Agreements: What They Are A totalization agreement is a bilateral treaty between two countries that...

Thirty-Three Social Security Planning Tips

Social security can be a confusing government benefit. The following is a brief list of tips to make it more beneficial to you. 1. If you are already collecting your retirement benefit and are at or over full retirement age, you can tell Social Security you want to suspend further benefits and then...

Hook Law Center: Making the Most of Your Social Security Benefits

It is well known that timing is an important consideration when applying for Social Security retirement benefits. For example, you may begin receiving retirement benefits as early as age 62, but if you wait until you have reached your full retirement age (determined by your year of birth), or even as...

Social Security Cards for DACA Grantees

"If the U.S. Citizenship and Immigration Services (USCIS) grants you Deferred Action status and employment authorization, you may be eligible for a Social Security number. After you receive your Employment Authorization Card (I-766) from USCIS, you can apply for a Social Security number." ...

Your Social Security Is Not Safe from Unpaid Student Loan Debts

Thousands of retirees are learning today that defaulting on student-debt can threaten something that used to be untouchable: their Social Security benefits . The federal government is withholding money from a rapidly growing number of Social Security recipients who have fallen behind on federal student...

Workers' Comp Fraud Blotter (11/15/2012) – Injured Worker Used Wife’s Social Security Number To Hide Out-Of-State Jobs

Each week we'll be surveying what the media, state agencies, insurance companies, and others report in terms of workers' comp fraud. Just like a police blotter, our workers' comp fraud blotter lists recent arrests, charges, convictions and investigations. Workers' Comp Fraud Blotter...

Social Security POMS Updates: April 30, 2013

RM 10213 TN 03 : "This transmittal updates the 10-day hold procedure for verifying evidence of alien status for a Social Security number (SSN) utilizing the Systematic Alien Verification for Entitlements (SAVE) program through the Enumeration system (SSNAP). We are making these changes as a result...

Immigration Windfall Could Exceed $4.6 Trillion: Wall Street Journal

"It isn’t every day that both Republicans and Democrats alike enthusiastically circulate a Wall Street Journal editorial, but that’s exactly what happened today with this WSJ take on the fiscal benefits of immigration reform . And for good reason. The editorial blows up one of the major...

New E-Verify “Enhancement” a Minefield for Employers: Ann Allott

"Here’s a message for restaurant and lodging industries and others that rely on low income workers: It’s time to take your headache medicine. The government is announcing an “improvement” of its E-Verify system. The government calls this an “enhancement,” but...

CIR Must Include Social Security Totalization Agreement With Mexico: RAND

"To manage the back end of the migrant labor lifecycle, the United States and Mexico should institute a bilateral social security agreement, which would make the social security contributions of legal workers portable between the two countries. Currently, the social security systems of both countries...

U.S. High Court Hears Oral Arguments In Dispute Over Taxing Severance Payments

WASHINGTON, D.C. — (Mealey’s) Severance payments fall within the Federal Insurance Contributions Act’s (FICA) definition of wages and are taxable, Assistant to the Solicitor General Eric J. Feigin told the U.S. Supreme Court Jan. 14 in arguments presented on behalf of the United States...

Kansas: Senior Citizen’s Comp Benefits Not Subject to Offset by Federal Social Security Benefits

Kansas, like most other states, requires that an employee's workers’ compensation award be set-off by any retirement benefits he or she receives from a retirement benefits program, including benefits received under the federal Social Security Act, less any amount the employee contributed to...

State Net Capitol Journal – June 23, 2014; Federal Highway Trust Fund Running On Fumes

Budget & Taxes FEDERAL HIGHWAY TRUST FUND RUNNING ON FUMES: For quite some time, state and local transportation officials have been anxiously watching the federal highway trust fund shrink and waiting for Congress to do something about it. "We've seen it coming like a slow-motion train...