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Federal benefits payment or social security payment?

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Posted on Jan 02, 2017

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mccluskey1
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SOURCE: is the social security payment being changed to the federal benefit payment?

http://www.snopes.com/politics/taxes/benefit.asp

Posted on Nov 27, 2016

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1 Answer

Is the name for Social Security checks to seniors being changed to Federal Benefit Payments?


may be so why would it matter. last i heard they were called ssa

Nov 30, 2017 | Miscellaneous

1 Answer

Who made Social Security benefits taxable?


Q3. Which political party started taxing Social Security annuities?

A3. The taxation of Social Security began in 1984 following passage of a set of Amendments in 1983, which were signed into law by President Reagan in April 1983. These amendments passed the Congress in 1983 on an overwhelmingly bi-partisan vote.
The basic rule put in place was that up to 50% of Social Security benefits could be added to taxable income, if the taxpayer's total income exceeded certain thresholds.

The taxation of benefits was a proposal which came from the Greenspan Commission appointed by President Reagan and chaired by Alan Greenspan (who went on to later become the Chairman of the Federal Reserve).
The full text of the Greenspan Commission report is available on our website.
President's Reagan's signing statement for the 1983 Amendments can also be found on our website.
A detailed explanation of the provisions of the 1983 law is also available on the website.

Aug 30, 2017 | MADE Computers & Internet

1 Answer

Are Social Security benefits being cut May 2016?


SS benefits would automatically be cut by 19 percent because revenues, largely from payroll taxes, would be sufficient to cover only 81 percent of scheduled benefit payments.

Jan 12, 2016 | Miscellaneous

1 Answer

Is it true that Social security checks are going to be renamed to Federal benefit checks


It's true that Social Security retirement payments are classified as "federal benefit payments." The word "benefits" has been applied to Social Security retirement payments since the Social Security program was enacted in the 1930s. The terminology is also not unique to Social Security, as the phrase "federal benefit payments" applies to a broad class of payments made to (or on behalf of) individuals under federal government programs - everything from Social Security Disability Insurance to Medicare to farm subsidies are considered "federal benefit payments." The fact that workers themselves contribute much of the money that goes into the Social Security retirement fund doesn't affect its classification as a benefit. They benefit the person who cashes the check.

Feb 18, 2015 | Computers & Internet

1 Answer

Am i entitled to a winter fuel payment


You usually get a winter fuel Payment automatically if you get the State Pension or another social security benefit not (Housing Benefit, Council tax Reduction, Child Benefit or Universal Credit). If you qualify but do not get paid automatically, you will need to make a claim.

If you

Nov 12, 2014 | Cars & Trucks

1 Answer

How can I change to a different bank to manage my direct payments


Go to the SSI website located at Social Security If you don't already have an account create one. Once logged in go to the Benefit and Payment Details tab. Select update direct deposit on the upper right side of the page. You can enter your banking information there.

Mar 31, 2014 | Computers & Internet

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