With talk that Social Security funds will begin to be depleted in coming years, many people are interested in staying on top of the health of Social Security. Each year, the Social Security Board of Trustees issues its annual report on the current financial status of the Social Security program. In this video, Steve Goss, the [...]
This article was published by the SSA. Social Security is with you throughout life’s journey. We’re here for you if the unexpected happens. We are there for you when you finally stop working as well. We provide vital financial support to tens of millions of American workers, primarily through retirement benefits. But we’re also there for [...]
This video was published by the IRS. If you changed your name after a recent marriage, divorce, or for some other reason, you need to notify the Social Security Administration of that change before you file your tax return. Otherwise, IRS computers can't match your new name with your Social Security number. Names that don't match [...]
In this week’s Wednesday episode (May 27, 2020) of the Town of Plymouth’s “COVID-19 Daily Update,” Heather reported that she still hasn't seen movement on fixing the issue of expenses being deductible regarding the PPP loans, which will directly impact how many taxes are owed at the end of the year. The AICPA is working hard [...]
In this week’s Wednesday episode (April 15, 2020) of the Town of Plymouth’s “COVID-19 Daily Update,” Heather Cozby clarified what actions non-filers and Social Security recipients need to take to receive their Economic Stimulus Payments and further explained how the SBA Economic Disaster Loan grant portion is being calculated. She also made an important point about [...]
