What Is Tax Form Social Security Administration 1099?

If you receive monthly benefits from the Social Security Administration due to a disability or if you have reached the age of retirement, you will be sent a 1099 from the Social Security Administration each year to show the exact amount of benefits that you have received over the course of the year.

Purpose

Many people who collect benefits form the SSA may be required to pay taxes on these benefits if they make more annual income than what is allowed by the SSA and the Internal Revenue Service. This form is used to provide information to beneficiaries of these benefits so that they are able to determine how much tax they are responsible for paying on the Social Security benefits.

Tax Requirements

If you are a single person collecting Social Security benefits and make more than $25,000 annually, you will be required to pay taxes on half of your Social Security benefits. If your annual income is less than this amount, you are not required to file or pay taxes on your Social Security benefits. The amount increases to $35,000 for couples who are married filing jointly.

When it is received?

If you receive Social Security benefits, you can expect to receive a SSA-1099 form from the SSA by the end of January. If you have not received this form in the mail, you should check to ensure that the SSA has your correct address. Contact them and let them know that you have not received your SSA-1099 form if you do not have it by the end of January of the following calendar year.