CNBC recently featured an article that discussed methods people can use to improve their Social Security benefits during tax season.
What You Need to Do to Maximize Your Social Security Benefits During Tax Season
It is always a good idea to review your Social Security Income (SSI) information during tax season. Your main reason for reviewing your SSI benefits at tax time is that you will already be using the necessary documentation to do your taxes. The way that you can ensure that you are receiving the maximum SSI payment available to you is to go over your annual statement.
Your SSI annual statement includes your estimated monthly benefits, which are based on the average of your yearly earnings during the 35 years where you earned the most annually. For example, if you discover that any of the years used in determining your 35 highest earning years is inaccurate, correcting the issue could result in your estimated monthly SSI benefits payment increasing. Per the CNBC report, in 2016, there were 92,000 complaints filed concerning SSI annual statement errors.
For more information about disability benefits, such as what the difference is between SSI and Social Security Disability Insurance (SSDI), keep up with our Tulsa disability lawyers’ blog and check out our Twitter and Facebook pages.