It’s an eventful time of year for Social Security recipients. They got their first in January increase the cost of living and tax season started — January 23rd was the first day that individual filers could file their tax returns. If you are completely overwhelmed by the prospect of doing your tax return or tracking your benefits, we’re here to help.
To walk you through some of the ins and outs of Social Security — from what you need to know for tax season to when to look for your checks — CNET has put together this cheat sheet, which is updated regularly so you can stay on top of the latest details.
It’s tax season. What do I need to know for my Social Security benefits?
Tax season officially started on January 23. That was the day individual filers could begin filing their 2022 tax returns with the Internal Revenue Service. The last day to file your tax return is Tuesday, April 18. Yes, it seems like you have all the time in the world to file your return, but that deadline will sneak up on you. Get your tax questions answered and file your return as soon as possible to avoid last-minute stress.
How much is my Social Security COLA raise for 2023?
Social Security beneficiaries will receive the highest cost-of-living adjustment in nearly 40 years this year. Monthly payments will increase by 8.7% — the highest since 1981. Here’s everything you need to know about how it will affect you.
When will I get my Social Security check?
Whether you’re a new Social Security beneficiary or have been receiving one for decades, knowing when your check arrives each month is a must. Your payout date depends on your birthday and when you receive a benefit. Each month, these stories are updated to reflect the exact dates when the Social Security Administration will issue your payment.
How to apply for benefits
There are several types of benefits you can receive from the Social Security Administration and other federal programs. Here’s what they are and how to apply them.
I will not be collecting Social Security benefits for years. What do I need to know now?
Preparing for Social Security is important no matter how close you are to retirement. But it’s never too early to learn how your perks will work once you’re ready to collect them.
Additional Social Security information that is important to know
Aside from Social Security benefits, knowing important information about your Social Security number and card can help prevent future mishaps. For example, if you need a replacement Social Security card or want to know who you can share your social security number with, we can help.
How Is Medicare Related to Social Security?
Medicare insurance in the US is for people age 65 or older, or certain people with disabilities. The program is designed to help with health care and prescription drug costs. Whether you receive it now or plan to receive it in the future, it’s good to brush up on how it works.
For additional health insurance information, here’s what you need to know Affordable Care Act Health Plans and how to save on health care if you don’t have insurance.