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A Social Security award letter is issued when you apply for specific benefits from the Social Security Administration (SSA). It tells you what you have been approved for, if anything.
With a My Social Security account, you can also: Request a new Social Security card. Set up or change direct deposit. Get your Social Security tax form (SSA-1099). Print a benefit verification letter.
Sometimes called a "budget letter" or proof of income letter, the benefit verification statement from Social Security is used for several different instances where proof of your status or income is...
Image source: Getty Images. 1. Understand how your claiming age affects your benefits. The government bases your Social Security benefits on your income during your working years and your age at ...
Image source: Getty Images. 1. Social Security's 2025 cost-of-living adjustment (COLA) For months, there's been speculation about next year's Social Security COLA.
If you start collecting Social Security before full retirement age, you can earn up to $1,950 per month ($23,400 per year) in 2025 before the SSA will start withholding benefits, at the rate of $1 ...
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There are a number of stories which have dominated economic news in 2022 such as inflation, the emergence of a bear market and a possible recession. Arguably the most impactful news, though, has ...