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Why are social security payments paid one month behind?
Social Security payments are paid one month behind in case your situation changes. If something would occur so that you would lose your benefits, paying a month behind would mean you wouldn't have to pay any back.
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If your husband has end stage liver disease and he receives Social Security payments can you get paid for taking care of your husband?
Answer No, it is assumed that one spouse will care for the other during illness or troubled times. That is the basis of the "sickness or in health..for richer or poorer…" that is included in the traditional wedding vows. Even if one did actually take such vows, the presumption is still morally and legally valid. YES YOU CAN MY MOM TAKES CARE OF MY DAD AND GETS PAID FOR IT BUT ITS NOT THAT MUCH, AND I DONT THINK THATS RIGHT AND I THINK MY MOM IS WRONG FOR DOING THAT CUZ IF YOU REALLY LUV SOMEONE THE MONEY SHOULDNT MATTER!
If you're talking about retirement benefits, you should receive your first check or deposit in the month following your first month of eligibility; benefits are always paid in… arrears. If you're talking about disability benefits, there is a five month waiting period, so you should receive your first check or deposit in the sixth month after the date disability was approved. Benefits are paid according to the birth date of the person whose earning record is being used to issue payment: 1st - 10th.....................second Wednesday of month 11th - 20th...................third Wednesday of month 21st - 31st....................fourth Wednesday of month SSDI + SSI...................third day of month Approved prior to 1997...third day of month SSI only........................first day of month If the regularly scheduled payment falls on a holiday, the benefit will be issued one business day prior to the usual date.
No, all SS benefits are exempt from creditor garnishment. They are not exempt from garnishment by the IRS for tax arrearages and in some instances state tax arrearages. Gener…ally no. HOWEVER - they can be garnished for payment of debts owed to the federal government (taxes, federal loans, etc) AND for the nonpayment of child support or alimony. Social Security benefits of any type cannot be garnished for creditor debt, they are protected against such action by federal law. Solution to protect your Social Security from creditors:1- electronic deposit to checking account. 2-withdraw what you don't need to cover in bills. place into interest bearing savings account NOT RELATED YOUR CHECKING ACCOUNT, (different bank) or put it in your mattress. Commercial creditors cannot garnish your Social Security retirement check. However, the Federal government may garnish your benefits to recover student loans, back taxes, or any other monies owed to the Federal government. Additionally, your Social Security retirement check may be garnished for current or back child support. (Social Security and Disability Resource Center) For the source and more detailed information concerning your request, click on the related links section indicated at the bottom of this answer box. According to the U. S. Treasury-Financial Management Service, these payments are exempt by Federal Law. The PDF entitled Treasury Offset Program -- Payments Exempt from Offset by Disbursing Officials (Nontax Debt Collection) found in the Related Link below SS benefits of any kind can always be garnished for court order child support. In some cases such benefits can be garnished for court ordered spousal maintenance (alimony) and federal tax arrearages. Another opinion: Not true- federal income tax arrearages can be garnished, but child support is not always able to be garnished. Depends on the circumstances and each case is different. A Family Court in Burlington, Vt. garnished ALL of my SS disability check for alimony. I am disabled and thus have no earnings. What is wrong with the court system? Those in power have all the power! Social Security benefits of any type cannot be garnished for creditor debt, they are protected against such action by federal law. SS benefits can be garnished for federal tax arrearages and child support obligations. Solution to protect your Social Security from creditors:1- electronic deposit to checking account. 2-withdraw what you don't need to cover in bills. place into interest bearing savings account NOT RELATED YOUR CHECKING ACCOUNT, (different bank) or put it in your mattress.
Retirement Benefits Once you qualify for Social Security retirement benefits, you will receive compensation until you die unless you're younger than SSA's full retirement age… (typically 66 for those currently considering retirement) and you exceed the annual earned income cap of $14,160 by enough to temporarily disrupt payment while the amount is being offset. Cash benefits also end if you are incarcerated or enter a nursing home for more than 30 days. When you reach full retirement age, the income limit will be lifted and you will receive benefits until you die. Disability Benefits If you receive Social Security disability payments, your benefits will continue until you are capable of engaging in Substantial Gainful Activity (often defined as earning more than $1,000 per month for most disabilities, or $1,640 per month for blindness) or until the payments convert to retirement benefits. As with retirement benefits, disability benefits stop at any time you are incarcerated or maintained in a tax-supported facility for more than 30 days. If you are otherwise eligible, benefits will resume after your release, but you will not receive back pay for the time you were under the government's care.
Taxes are withheld only upon request. Contact the Social Security Administration if you want taxes withheld. Remember that withholding has nothing to do with whether you nee…d to pay taxes. At the end of the year, you'll need to fill out Form 1040 to determine whether you owe any taxes and either pay at that time or get a refund if you had too much withheld.
They will probably just pester you to death about it and charge you a late fee on each one, but things being how they are right now they are probably grateful to be getting an…ything.. At the same time remember they do have the right to pursue whatever means that are written out in your contract for getting payment on the debt.. Keep in contact with them as often as possible and they might even write off some or all of the late fees, they can even do things to make you current without costing you any out of pocket money.
You should contact the social security administration for some assistance with this matter. The below contact information come from the SSA gov website SOCIAL SECURITY BENEFIT…S ONLINE By calling 1-800-772-1213, you can use our automated telephone services to get recorded information and conduct some business 24 hours a day. If you cannot handle your business through our automated services, you can speak to a Social Security representative between 7 AM. and 7 PM. Monday through Friday.
Social Security disability, survivor, and retirement benefits are paid in the month after they are due. The benefit payment day is determined by the beneficiaries' birth date.… Benefits paid on Birth date on / Second Wednesday | 1st-10th / Third Wednesday | 11th-20th / Fourth Wednesday | 21st-31st
Social Security Disability Insurance (SSDI) is financed with Social Security taxes paid by workers, employers, and self-employed persons. To be eligible for a Social Sec…urity benefit, the worker must earn sufficient credits based on taxable work to be "insured" for Social Security purposes. Disability benefits are payable to blind or disabled workers, widow(er)s, or adults disabled since childhood, who are otherwise eligible. The amount of the monthly disability benefit is based on the Social Security earnings record of the insured worker. Supplemental Security Income (SSI) is a program financed through general revenues. SSI disability benefits are payable to adults or children who are disabled or blind, have limited income and resources, meet the living arrangement requirements, and are otherwise eligible. The monthly payment varies up to the maximum federal benefit rate, which may be supplemented by the State or decreased by countable income and resources. See Understanding Supplemental Security Income for an explanation of SSI benefit payment rates
No. Furthermore, if SSA issues a check after the death of the recipient, they have you (the estate) pay it back -- this is what happened when my mother died.
Social security payments may be made to dependent children until they are 18. true
Every year, I get a statement... the total monthly draw will depend on how much you've earned over the total life of your work history. At least, that's how it currently works… in the US...
Birth date on Benefits paid on 1st - 10th Second Wednesday 11th - 20th Third Wednesday 21st - 31st Fourth Wednesday
No, they are transfer payments, which are not considered a part of GDP.
In Federal Laws
The general rule of thumb is no, SSDI or SSI are not taxable provided they are the only source of income for an individual or family, however if an individual or family receiv…es income from other sources (private work pensions, part time work, etc.) they may have a tax liability for a portion of the benefits received. In these circumstances it is best to consult a tax attorney preferably one who deals with these issues on a somewhat regular basis.