Grok Blunt message from US Social Security: If you ignore this, you'll lose your money
Completing this SSA procedure is key: You could receive a significant refund by meeting certain requirements
Social Security Administration (SSA) in the United States, together with the IRS, has issued an urgent message for millions of people. It has a lot to do with filing taxes. They warn that ignoring this notice could mean losing a lot of money.
The message is clear: even if you receive Social Security benefits, you must file your tax return. In January, SSA sends the SSA‑1099 form that summarizes your benefits from the previous year. This information is essential for the IRS, since it can determine whether you owe taxes or are entitled to a refund.
SSA Sends an Important Message About the IRS: Don't Let It Slip By
If you don't file your return, you could receive notifications from the IRS years later, requesting payments or withholding refunds. SSA can also use your information to correct earnings records. This could affect your future benefit payments or even result in unexpected refunds.
Filing your return is the only way to claim valuable tax credits that can turn into real money. Among them is the Earned Income Tax Credit (EITC), a refundable credit that can return thousands of dollars to families with modest incomes. If taxes were withheld from you (for example, from a part-time job), you can claim it when you file your return.
What You Should Never Forget: Social Security Doesn't Want You to Get Distracted
Always use the SSA‑1099 form you receive in January. Report all your income, including Social Security benefits, wages, interest, and dividends, as the IRS notes. File your return even if your only income is Social Security: you could qualify for credits and avoid future problems.
In addition, you should review your combined income. If you are single and it exceeds $25,000 (or $32,000 if you file jointly), between 50% and 85% of your benefits may be taxable. But you can also qualify for credits.
Claim credits even if you don't have taxes to pay. Some are refundable: that is, they give you money, not just reduce what you owe. File even if you don't get tax benefits: only then can you be registered for future credits, such as income or child care credits.
The IRS will never request information by phone, email, or social media. If you are contacted this way, ignore it and report it. If your SSA verified incorrect information (such as your income or name), request a correction with your SSA‑1099 and file an amended return (Form 1040‑X) if necessary.
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