Latest news with #OhioScheduleofAdjustments
Yahoo
29-04-2025
- Business
- Yahoo
Why are there 2 Social Security checks in May 2025? See full SSI payment schedule
Ohio's Social Security Supplemental Security Income (SSI) recipients can expect to receive two checks in May 2025. Here's when recipients can expect SSI payments for May. Two SSI checks will be sent out in May, one for May and another for June. According to the Social Security Administration's payment calendar, SSI recipients won't receive a check in June since the June SSI payment is scheduled for May 30. The June payment is issued early because June 1 falls on a weekend. Here's a look at the payment schedule for the rest of 2025: Thursday, May 1, 2025 (Check for May 2025) Friday, May 30, 2025 (Check for June 2025) Tuesday, July 1, 2025 (Check for July 2025) Friday, Aug. 1, 2025 (Check for August 2025) Friday, Aug. 30, 2025 (Check for September 2025) Wednesday, Oct. 1, 2025 (Check for October 2025) Friday, Oct. 31, 2025 (Check for November 2025) Monday, Dec. 1, 2025 (Check for December 2025) Wednesday, Dec. 31, 2025 (Check for January 2026) Social Security distribution schedules for 2025 and 2026 are available online, according to the Social Security Administration. Traditional Social Security payments (for recipients who are older or retired) are issued on Wednesdays throughout the month for most recipients. If your birthdate falls between the first and 10th of the month, you are paid on the second Wednesday of the month, which this month is May 14. If your birthday is between the 11th and 20th, you're paid on the third Wednesday (May 21). And if you were born after the 20th of the month, you get paid on the fourth Wednesday of the month (May 28), according to the SSA calendar. Social Security recipients who began getting benefits before May 1997 are paid on the third of the month. If they also get SSI, that benefit comes on the first. Ohio had more than 2.4 million people claiming Social Security benefits as of December 2023. That included more than 1.7 million retirees and over 300,000 disabled workers. There are dozens of Social Security Offices in Ohio, including Cincinnati, Columbus, and Akron. Use the Social Security Office locator tool to find a nearby location. No, the state does not tax social security benefits, but they could be taxed on the federal level depending on how you file your return. The Ohio Department of Taxation says that filers must claim the Ohio deduction for "taxable Social Security benefits" on the Ohio Schedule of Adjustments to ensure their benefits aren't taxed by the state. This article originally appeared on The Columbus Dispatch: Why Ohio Social Security recipients will get 2 checks in May 2025
Yahoo
03-03-2025
- Business
- Yahoo
Is Ohio 1 of the 9 states where people may lose some Social Security money to taxes? What we know
Most retirees look forward to Social Security benefits each month once they reach retirement age, but potential changes make Social Security operations less certain. Despite harsh criticism of the benefits program from Elon Musk, calling it a "Ponzi scheme," along with looming job cuts to the Social Security Administration, Social Security benefits roughly 69 million Americans per month as of 2025, and serves as a major source of income for most seniors. Which states tax social security benefits? Is Ohio one of them? What major changes should recipients keep in mind? Here's what to know. Ohio does not tax social security benefits, but they could be taxed on the federal level, depending on how you file your return. Ohio Department of Taxation says that filers must claim the Ohio deduction for "taxable Social Security benefits" on the Ohio Schedule of Adjustments to ensure your benefits aren't taxed by the state. Retirees in these nine states could have their Social Security checks taxed and owe money during tax time. Colorado Connecticut Minnesota Montana New Mexico Rhode Island Utah Vermont West Virginia The first wave of checks from the bipartisan Social Security Fairness Act have been sent out, with the Social Security Administration having processed 30,000 new initial claims so far. The law, signed in the final month of the Biden administration, aims to boost Social Security benefits for public service workers, including public school teachers, police officers, firefighters, and postal workers, who could be entitled to bigger Social Security checks. Social Security distribution schedules for 2025 and 2026 are available online, according to the Social Security Administration. Here's a look at the payment schedule for the rest of 2025. Friday, Feb. 28, 2025 (Check for March 2025) Tuesday, April 1, 2025 (Check for April 2025) Thursday, May 1, 2025 (Check for May 2025) Friday, May 30, 2025 (Check for June 2025) Tuesday, July 1, 2025 (Check for July 2025) Friday, Aug. 1, 2025 (Check for August 2025) Friday, Aug. 30, 2025 (Check for September 2025) Wednesday, Oct. 1, 2025 (Check for October 2025) Friday, Oct. 31, 2025 (Check for November 2025) Monday, Dec. 1, 2025 (Check for December 2025) Wednesday, Dec. 31, 2025 (Check for January 2026) This article originally appeared on The Columbus Dispatch: People in 9 states may see less Social Security money at tax time; is Ohio 1?
