The start of a new year means it’s time to start thinking about filing last year’s taxes.
If you received Social Security benefits in 2021, one of the documents you will need is an SSA-1099. The SSA-1099 shows how much you received from Social Security as well as any voluntary tax withholding if applicable. You’ll need these figures for your tax return. Jack Myers with Social Security says you should receive your SSA-1099 in the mail this month, so be on the lookout for it.
“Sometimes this month the SSA-1099s, or the very beginning of next month, will be coming to you in the mail. You will get your record of how much money you received from Social Security last year that you will need for your taxes and then maybe we will talk a little bit next month. Starting next month, you will be able to get that on your mySocialSecurity account after the start of February.”
If you need a replacement SSA-1099 you can get one online via your mySocialSecurity account after February 1st at www.ssa.gov/myaccount, or you can call Social Security at 800-772-1213. You will not receive an SSA-1099 if you only received Supplemental Security Income (SSI) benefits in 2021.
***Report Courtesy of farmweeknow.com***
