Social Security Benefits 2023 Calendar: What You Need To Know
Social Security Benefits 2023 Calendar: What You Need To Know
Introduction
As we enter the new year, it’s important to stay informed about any changes to Social Security benefits. The Social Security Administration releases a calendar each year that outlines important dates and events related to receiving benefits. In this article, we’ll look at the 2023 calendar and what it means for those who rely on Social Security.
What’s in the 2023 Calendar?
The 2023 Social Security Benefits calendar is packed with important dates and events. Here are some of the key highlights:
January 1, 2023: Cost-of-Living Adjustment (COLA)
The COLA determines how much Social Security benefits will increase each year to keep up with inflation. In 2023, the COLA was set at 2.7%, which is the largest increase in over a decade.
January 31, 2023: Deadline for Filing Taxes
If you receive Social Security benefits, you may need to file a tax return. The deadline for filing taxes is January 31, 2023. Make sure to consult with a tax professional if you’re not sure whether you need to file.
April 15, 2023: Tax Day
April 15th is the deadline for filing your tax return. If you owe money, you’ll need to pay by this date to avoid penalties and interest.
May 25, 2023: Memorial Day
Memorial Day is a federal holiday that honors those who died while serving in the U.S. military. Social Security offices will be closed on this day.
July 4, 2023: Independence Day
Independence Day is a federal holiday that celebrates the adoption of the Declaration of Independence. Social Security offices will be closed on this day.
November 11, 2023: Veterans Day
Veterans Day is a federal holiday that honors those who have served in the U.S. military. Social Security offices will be closed on this day.
Personal Experience
I’ve been receiving Social Security benefits for a few years now, and I always make sure to check the calendar for important dates. Last year, I missed the deadline for filing my taxes and ended up owing more money in penalties and interest. This year, I made sure to file on time and avoid any extra fees.
Frequently Asked Questions
Q: How can I find out more about my Social Security benefits?
A: You can create an account on the Social Security Administration’s website to view your benefits statement, check your earnings record, and get personalized estimates of your future benefits.
Q: Do I need to file a tax return if I receive Social Security benefits?
A: It depends on your income. If you receive only Social Security benefits, you probably don’t need to file a tax return. However, if you have other sources of income, you may need to file.
Q: What happens if I miss a deadline for filing taxes or reporting changes to Social Security?
A: You may face penalties and interest if you miss a deadline. It’s important to stay on top of important dates and deadlines to avoid any extra fees or complications.
