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March 2013 Archives

What should you do if notified your SSI benefits were overpaid?

If you receive a letter from the Social Security Administration notifying you that your Supplemental Security Income benefits have been overpaid, it may come as a shock. It's not something to ignore, though -- you should get started on resolving the situation right away. If you don't respond to it in a timely fashion, it could jeopardize your SSI benefits.

How would a chained CPI affect Social Security disability COLAs?

In an effort to cut a deal on the deficit, the Obama Administration has been considering changing the way cost of living adjustments, or COLAs, are calculated for recipients of Social Security disability and retirement benefits. The idea behind this is that the current way of calculating the COLA doesn't lead to a truly accurate estimate of how much more Social Security recipients are having to spend on basic needs, which is its purpose.

SSA: Nearly 30,000 receive SSDI for colorectal cancer every year

March is National Colorectal Cancer Awareness Month, so the Social Security Administration just released the most recent numbers on the number of people who receive Social Security Disability Insurance because they're totally disabled from work due to colorectal cancer or closely related cancers. The agency says that, in 2011, almost 30,000 people were receiving SSDI benefits for the cancer or its complications.

Tax time: any tips for Social Security disability beneficiaries?

If you're receiving Social Security Disability Insurance or Supplemental Security Income benefits from the federal government, the great news is that you probably will not need to pay any taxes on those benefits. While both SSD and SSI benefits are legally subject to taxation, the vast majority of people receiving them don't end up owing any taxes.

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