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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...
A benefits verification letter, also sometimes referred to as a proof-of-income letter, describes the specific benefits you receive under Social Security and related programs.
The SSA says it implements strict verification and security features to keep your information safe. You can also call Social Security at 800-772-1213 or contact your local Social Security office.
Verification of Income and Employment (VOIE) is a process [1] used by banks and mortgage lenders in the United States to review the employment history of a borrower, [2] to determine the borrower's job stability and cross-reference income history with that stated on the Uniform Residential Loan Application (Form 1003).
A stated income loan is a mortgage where the lender does not verify the borrower's income by looking at their pay stubs, W-2 (employee income) forms, income tax returns, or other records. Instead, borrowers are simply asked to state their income, and taken at their word. These loans are sometimes called liar loans or liar's loans. [1]
Personal income can also be categorized based on its source: Earned income: Earned income is the money an individual receives as direct payment for work or services rendered. It includes wages, salaries, and other compensation earned through active employment.
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