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Social Security Benefits
Social Security Benefits
What is Social Security?
Social Security is a federal program that provides benefits such as retirement, disability, and survivors benefits. The amount that you pay into Social Security is generally subtracted from your gross income, along with other important taxes. On some pay stubs this is called FICA, which stands for Federal Insurance Contributions Act.
Where does the money go?
Social security provides taxpayers with many important benefits.
These benefits include:
If you are 25 or older and are not already receiving Social Security benefits…
You will receive a Social Security statement just before your birthday every year. You can also call 1-800-829-1040 to request a copy of your statement. This statement is a record of earnings you have paid to Social Security taxes during your working years.
This statement provides estimates of the monthly Social Security retirement, disability, and survivors benefits you and your family could be eligible to receive.
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