Tuesday, April 22, 2014

What’s in Your Social Security Account?


If you were to lose track of a prior-year tax return and suddenly needed it, where would you look? An unexpected place to check is your Social Security account. Every taxpayer should look at their Social Security records at least once every few years. Checking your Social Security account ensures that all wages and/or self-employment income you have earned has been recorded, and is correct, should you need those records in future years. You can check your Social Security account by clicking on this link, and answering a series of questions to identify yourself. Checking these records every few years is a good idea, as it allows time for you to catch mistakes while you still have records available, and it also can help with retirement savings. Reviewing your Social Security account about a decade before you retire is recommended, as it will allow you to see your Social Security contributions and plan ahead accordingly.
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IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (or in any attachment) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed in this communication (or in any attachment).
 
 

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