It’s important because your future Social Security benefits will be based on your earnings history we received from the IRS.
If you don’t receive Social Security benefits, this is a great time to review your earnings history by looking at your Social Security Statement (Statement). If you didn’t receive it, or if lost, you can get your SSA-1099 or SSA-1042S instantly online with a my Social Security account. If you receive Social Security benefits, we mailed your Benefit Statement to your address on file with us. How do I get my annual benefit statement? The Benefit Statement isn’t available for people who only receive SSI payments because SSI payments aren’t taxed. You should report the amount of Social Security income you received to the IRS on your federal tax return. Noncitizens who live outside of the United States receive the SSA-1042S instead of the SSA-1099. Your Benefit Statement is a tax form from Social Security that shows the total amount of Social Security benefits you received in the previous year. Your Annual Social Security Benefit Statement What is the Benefit Statement and what do I do with it? Social Security can’t answer EITC questions. Learn more about the EITC, including basic qualifications, at the IRS’ Earned Income Tax Credit webpage. You can visit for options to file a federal tax return for free. To claim the EITC, you must qualify and file a federal tax return. Learn if your disability payments count as earned income for the EITC at the IRS’ Disability and the Earned Income Tax Credit webpage.
Do my Social Security Disability Insurance (SSDI) or SSI payments count as earned income for the EITC? Receiving Social Security or SSI doesn’t affect your eligibility for the EITC. Yes, if you meet the qualifying rules of the EITC.
Am I eligible for the EITC if I get Social Security or SSI? The EITC amount you might get generally depends on your earned income and the number of your qualifying children. If you qualify, you can use the credit to reduce the taxes you owe – and maybe increase your refund. The EITC provides low- to moderate-income workers and families a tax break. The Earned Income Tax Credit What is the Earned Income Tax Credit (EITC)? Social Security can’t answer CTC questions. Please visit and read IRS Filing Season 2021 CTC Questions and Answers if you have questions. You can claim the CTC when you file your federal tax return for 2021.
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You can get that information from the IRS Child Tax Credit Update Portal. If you received any advance monthly CTC payments, be aware of when you received them. If you receive SSI, we won’t count the CTC (or any advance monthly payments you might have received during 2021) as income or resources for 12 months after you receive it when considering your eligibility for SSI and monthly SSI payment amount. Will advance monthly CTC payments, or any CTC I claim on my tax return, reduce my Social Security or SSI benefits?Īdvance monthly CTC payments, as well as any CTC that you claim on your 2021 tax return, won’t reduce your Social Security benefits. For more information about advance monthly CTC payments, you can visit and the IRS 2021 CTC and Advance CTC Payments Frequently Asked Questions. You also may have received up to half of your credit through advance monthly CTC payments made by the IRS from July to December 2021. You can claim this credit from the Internal Revenue Service (IRS) based on each of your qualifying children, even if you get Social Security or SSI and don’t normally file a tax return. Yes, if you meet the qualifying rules of the CTC. Am I eligible for the CTC if I get Social Security or SSI? These ages are determined as of December 31, 2021. You can get up to $3,600 per qualifying child under age 6, and up to $3,000 for each qualifying child age 6 – 17. You can claim the CTC for any qualifying child even if you don’t usually file a federal tax return. The CTC is a tax benefit, expanded in March 2021, that helps families who are raising children. The Child Tax Credit What is the Child Tax Credit (CTC)? These tax credits are available even if you receive Supplemental Security Income (SSI) and don’t normally file a tax return. You may be entitled to special tax credits that can mean extra cash to help you with expenses. It’s important to read this blog even if your earnings or benefits don’t require you to file a federal tax return.
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