Last week the Social Security Administration announced twenty five new Compassionate Allowances conditions, including a dozen cancers and disorders that affect the digestive, neurological, immune and multiple body systems. Included in the list of new conditions is prostate cancer, which will allow patients to receive life-saving treatment quicker. Read more at www.socialsecurity.gov/news.htm. Site Sponsor:
Q&A: Can I Collect Social Security Before Retirement Age?
Q: I lost my wife 3 years ago, she was 62. I am 55 and am not able to work anymore. Can I draw her Social Security now, or am I to young? A: Unfortunately, I have seen this (or similar) questions much too often lately. Whether it’s due to the loss of a spouse, […]
How to Report SSDI Lump Sum Payments
In Is Social Security Disability Taxable I discussed when someone who receives disability benefits might owe taxes on those benefits. Whether your disability is taxable or not depends on what other income you have. To recap… If you are single and your modified adjusted gross income plus half of your Social Security benefits is less […]
Is Social Security Disability Taxable?
Once you start receiving Social Security disability benefits, your first question may be “is Social Security disability taxable?” Unfortunately, the answer to that question is “it depends”. Read on to find out what Social Security disability is, who must pay taxes on their benefits, and how to report your benefits at tax time. What is Social […]
Social Security – More Than A Retirement Account
Understanding Social Security Benefits Including Social Security Disability Requirements Before 1935, it was a family’s duty to care for its old and disabled loved ones. But if there was no family, or no willing family, old and disabled people were left to eke out an impoverished existence that may have included begging and that always […]