“The Taxman Cometh” is the sixth episode of the 2006 Robin Hood television series, made by Tiger Aspect Productions for BBC One. It aired on Saturday November 11, 2006 at 7.00pm. Its title is a reference to the play The Iceman Cometh. (http://en.wikipedia.org/wiki/The_Taxman_Cometh, accessed Feb 2007).
For most of us tax time is an ongoing year-by-year series that starts many of us thinking about it (worrying?) in January and keeps you on the edge of your seat until April 15th. Frankly, for me, it is a downright pain where a pill won’t reach; I hope this information makes filing your taxes a lot easier.
Whether new to social security or a seasoned pro, there are bound to be questions about tax time and benefits. Today starts a series articles on social security and taxes.
Remember, I said before I am neither a lawyer nor a doctor, and now I want you to know I am also not a tax professional! I am someone interested enough, though, to research for you and provide information so you do not have to scour the internet!
Today’s topic will be basic: Do I have to pay taxes on my social security?
The answer is not as basic: Like many social security administrative criteria, the answer depends on some variables.
The easiest way to figure it out is by asking:
1) am I filing an individual return or a joint return and then
2) if filing individual, is your total income more than $25,000? or
3) If filing a joint return, is your total income more than $32,000?
SO, If you can answer ‘yes’ to question 2, after applying your answer as an individual or joint filer, then you will have to pay federal taxes on your benefits.
The bottom line is…
If you are filing on your own (single) and your income more than $25,000 – you pay taxes
If you are filing on your with your spouse (jointly) and your income more than $32,000 – you pay taxes
Also, remember that the social security administration cannot withhold taxes from your benefits without your permission! Please contact them to talk with a representative from social security about tax withholding and about your state and local tax withholding. Click here to find your local Social Security Office.
To continue learning about social security disability or to learn more, I recommend you complete my FREE SSDI mini course so you can maximize your chances of winning.
Helping YOU Win Disability Income!
Brian Therrien
Understanding Continuing Disability Reviews: Key Updates and Guidance
Welcome to our latest blog post where we delve into the critical topic of Continuing Disability Reviews (CDRs), which are essential for individuals receiving disability benefits. The focus today is on recent statistics and personal anecdotes that highlight the ongoing importance of staying informed about CDRs.
What is a Continuing Disability Review?
A Continuing Disability Review is a routine process for individuals who have been approved for disability benefits. The Social Security Administration (SSA) conducts these reviews to determine if the health of a beneficiary has improved to the point where they can return to work, and thus no longer qualify for benefits.
Recent Case and Discussion
Recently, a case surfaced involving a person who had been receiving Social Security Disability Insurance (SSDI) for end-stage kidney failure since they were 20. Despite their condition remaining unchanged, they received a notification of health improvement at age 50 and were at risk of losing their benefits. This situation underscores the unpredictability and significance of understanding the CDR process.
How CDRs Work
During a CDR, beneficiaries might be asked to complete a short or long form detailing their current health status. The forms are then reviewed, and if further information is needed, a full medical review may be initiated. It's crucial for recipients to respond promptly to any communications from the SSA to avoid complications or cessation of benefits.
Statistics and Trends
In 2022, approximately 1.5 million of the estimated 9 million disability recipients underwent CDRs. Of these, about 125,000 had their benefits terminated. These statistics reflect a consistent review rate, with an apparent annual increase in the number of reviews conducted, emphasizing the necessity for beneficiaries to stay vigilant.
Key Takeaways
Stay Informed: Always keep your contact information up to date and pay close attention to all correspondence from the SSA. Missing a notification or failing to respond can lead to benefit termination.
Understand the Review Frequency: Depending on the expectation of medical improvement, reviews may occur more frequently. Typically, conditions considered likely to improve are reviewed sooner and more often.
Prepare Adequately: If a review is scheduled, ensure all medical documentation is current and complete. Understanding the review process and preparing accordingly can significantly affect the outcome.
Seek Expert Advice: Engaging with professionals who specialize in disability rights and CDRs can provide crucial support and guidance. For instance, next week, we will feature an in-depth discussion with Attorney James Mitchell Brown, a veteran in the field of social security disability.
Conclusion
Continuing Disability Reviews are a standard part of the disability benefits process, but they can be daunting. By staying informed, prepared, and proactive, beneficiaries can navigate these reviews successfully. Remember, the goal is not only to retain benefits but also to ensure that the support aligns correctly with the individual’s current health needs.
Stay tuned for more updates and expert insights in our upcoming posts, and don't hesitate to reach out with your questions or for further information.
Brian
The FREE Local Resource That 87% of People Don’t Know About (That Could Make or Break Your Disability Benefits)
Brian
The Spoon Theory: A Real-Life Guide to Managing Energy with Chronic Illness
Brian
What To Do If SSA Surveillance Leads to a Mistake — And You’re Blamed for It
