Your Social Security To-Do List

Now that you’ve stopped dreaming of a white Christmas, you need a new dream to inspire you. Do you crave the spontaneity of unplanned travel combined with the relaxed pace of retirement? Here’s a To-Do list that can make that retirement dream a reality. 1) Sign up for a my Social Security Account The account…
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Health Savings Accounts And Medicare Part A & Part B

You can’t contribute to a Health Savings Account once you’re enrolled in Medicare. This IRS rule should be considered when you have a Health Savings Account and want to sign up for Medicare A & B.  (You sign up for Part A & Part B with Social Security). Here is the information that Medicare offers on page…
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Social Security Benefits And Voluntary Tax Withholding

Now that you’re receiving Social Security benefits, you may be wondering how the taxation of benefits is administered. You noticed that taxes were not withheld from your Social Security check. How do you pay any income tax you owe on your Social Security benefits? You can either pay any tax due with your tax return…
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Small Business W2s—You Can Do Them Online

If you’re a small business owner, you know you have to file your Form W‑2 information with Social Security every year. You might not have realized you can save time and avoid errors by filing online. The filing deadline for tax year 2016 is January 31, 2017. Getting started is easy. Just register for Business…
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Federal Income Taxes And Social Security Benefits

It’s almost tax season. Maybe this is your first year of receiving Social Security benefits and you are wondering if any of your benefits will be subject to Federal income tax. Not everyone pays Federal income tax (state income tax on Social Security benefits is handled through the state of residence for the tax return…
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