KEY POINTS
In most cases, funeral homes notify the government that a person
has passed away.If the person was receiving Social Security benefits, a payment
is not due for the month of their death.Survivor benefits may be available, depending on several
factors.
When a loved one receiving Social Security benefits passes away, you may wonder how the government knows to stop sending that monthly money.
Or, maybe there’s a surviving spouse or dependent who relied on
that income and wonders whether some sort of payment...
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Tag Archives: "Social Security Reference Guide"
05 Mar
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2018 Social Security Reference Guide
Social Security encompasses retirement benefits, disability
benefits, and is intertwined with Medicare benefits. This guide
focuses on Social Security retirement benefits, the most common
association of the term Social Security. There are currently
more than 50 million people receiving Social Security retirement
benefits (i.e., Old Age and Survivor Insurance or OASI).
Social Security Employment Tax
While you are working, you and your employer each pay 6.2%
(7.65% each including Medicare). Social Security taxes are paid
on the first $128,400 of income (2018).
Minimum Eligibility Requirements
In order to qualify for...
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