Level 15

Social Security Fairness Act -- Payment Received!

Forum|Forum|1 year ago
March 4, 2025
1 reply
14 views

A friend, retired teacher, reports a $16,000 deposit from Social Security for retroactive 2024 benefits.

The question asked, of course, is whether an ES payment should be made now, or just wait until the 2025 return is filed. As long as 2025 withholding equals 2024 tax (or, if applicable, 110%) I don't see any reason not to earn 4% on it for more than a year. But if taxpayers are worried about it burning a hole in their pockets, there is no law preventing them from paying it forward.

qbteachmt

Level 15

But, but, but...what about all the dead people? The old people? I thought we were kicking people off of the SS gravy train? And now we need to afford to fund even more people? Where's Elon when we need him?

I stopped in at the local SS office today to follow up on something for another person, since I happened to be driving by after dropping off their tax return and noticed their parking lot was not very full. The man helping me was great and he pointed out it's so much better to come in person than to call. That's because the level of service we want is judged by the type of service we use.

Don't yell at us; we're volunteers

sjrcpa

Level 15

This law was already in place and I am pleasantly surprised that it wasn't revoked/ignored.

@qbteachmt You can just stop in to a local SSA office?

a. You have one, for now.

b. No appointment needed?

c. Do you have to go through security?

An advantage of living in rural/small town/outside the beltway/swamp America, I guess.

The more I know the more I don’t know.

qbteachmt

Level 15

"An advantage of living in rural/small town/outside the beltway/swamp America,"

Hey! I live in the second largest city in the State. Yes, the local office is swamped at certain hours, but you can walk in mid-day. "Security" is the guy who directs you to the kiosk to take a wait ticket and confirms you aren't carrying any restricted items.

The office here and 2 hours North are to be closed per that first list. That means I could go to Spokane WA, I guess.

I have more paperwork for them and intend to stop in maybe three more times in the next two weeks, including taking my client over.

We went through local office shutdowns when I was working on motor vehicle legislative issues as a Governor's appointee to the state's Motorcycle Safety Advisory Committee (appointed by two different governors). We learned about "touches" at the registration desk. At the time, it cost more per touch than trailers, boats, motorcycles and small atvs brought to the system. We had DMV offices in farm country that didn't even open until April, and shut down by Oct. In MT now, you transfer the title and pay for Permanent registration at that time. But you might need to drive 3 hours one way to your nearest office.

Don't yell at us; we're volunteers

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