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How much Social Security income you’ll receive depends on:
Your earnings over your lifetime
The age at which you'll begin receiving benefits
Whether you'll be eligible to receive a spouse’s benefit instead of your own
You can use Social Security’s retirement benefits planner to:
Estimate your benefits at each age, from 62 (the earliest you can receive them) to 70 (when you hit your greatest amount)
Apply for retirement benefits
Learn about earning limits if you plan to work while receiving Social Security benefits
How Get Federal Benefits
To begin receiving your federal benefits, like Social Security or veterans benefits, you must sign up for electronic payments with direct deposit.
Social security benefits include monthly retirement, survivor and disability benefits. They don't include supplemental security income (SSI) payments, which aren't taxable. The net amount of social security benefits that you receive from the Social Security Administration is reported in Box 5 of Form SSA-1099, Social Security Benefit Statement, and you report that amount on line 6a of Form 1040, U.S. Individual Income Tax Return or Form 1040-SR, U.S. Tax Return for Seniors. The taxable portion of the benefits that's included in your income and used to calculate your income tax liability depends on the total amount of your income and benefits for the taxable year. You report the taxable portion of your social security benefits on line 6b of Form 1040 or Form 1040-SR.
Your benefits may be taxable if the total of (1) one-half of your benefits, plus (2) all of your other income, including tax-exempt interest, is greater than the base amount for your filing status.
The base amount for your filing status is:
- $25,000 if you're single, head of household, or qualifying surviving spouse,
- $25,000 if you're married filing separately and lived apart from your spouse for the entire year,
- $32,000 if you're married filing jointly,
- $0 if you're married filing separately and lived with your spouse at any time during the tax year.
In-work credits
In-work credits grew in popularity worldwide during the late 1990s and 2000s as a means of reforming welfare systems in ways that could both encourage work and reduce poverty.
Supplemental Nutrition Assistance Program (SNAP)
SNAP, formerly known as food stamps, provides noncash benefits to help low-income households buy food. All adults ages 16 to 59 who are not otherwise exempt must comply with a general work requirement to receive SNAP benefits: they must register to work, accept a job if offered, and not quit a job without good cause. People exempt from SNAP work requirements include children, pregnant women, seniors, and people with certain health limitations.
Able-bodied adults without dependents (ABAWDs) ages 18 to 49 have a more intensive work requirement: they can receive SNAP for only 3 months within a 36-month period, unless they are participating in work activities for at least 20 hours a week. States can ask the federal government to waive time limits and work requirements for people subject to ABAWD rules who live in areas with high unemployment or insufficient jobs. During the Great Recession, virtually all states waived or partially waived the ABAWD time limits on SNAP. Over the past few years, however, states have been reinstating them.
In 2019, the US Department of Agriculture adopted a regulatory change that tightens criteria states must meet to waive work requirements in areas with limited employment opportunities. States are currently resubmitting waiver applications to comply with the new rule, which goes into effect April 1
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