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Posts Tagged ‘social security benefits’


Understanding Social Security Death Benefits Paid in Arrears

The rules regarding social security benefits can be confusing, especially for benefits paid via direct deposit in a bank account. Here are the rules upon the death of a beneficiary. Termination of Social Security Benefits The Social Security rules determine when benefits are terminated. According to the rules, death benefits will terminate the month before [...]

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Increase in Take Home Pay

A new law that retains the current income tax rates for 2011 also provides a two percentage point cut in payroll tax for employees. This tax cut reduces the Social Security tax withholding rate from 6.2 percent to 4.2 percent of wages paid. Increase in Take Home Pay As a result of the Tax Relief, [...]

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