What does ss for INS mean?
Social Security Disability Insurance pays benefits to you and certain members of your family if you are “insured,” meaning that you worked long enough and paid Social Security taxes. Supplemental Security Income pays benefits based on financial need.
How do you read a US Treasury check?
How to read a U.S. Treasury check
- 1 = Issue Date.
- 2 = Payee Name.
- 3 = Fiscal Service Financial Center.
- 4 = Issue Type.
- 5 = Check Symbol.
- 6 = Check Serial Number.
- 7 = Issue Amount.
What does Soc Sec stand for?
Social Security is the term used for the Old-Age, Survivors, and Disability Insurance (OASDI) program in the U.S., run by the Social Security Administration (SSA), which is a federal agency. Though it is best known for retirement benefits, it also provides survivor benefits and disability income.
Why did I receive a check from SSA?
If your extra payment is not the result of federal stimulus funds, it could be that an automated process within SSA’s systems resulted in an adjustment that affected your benefit rate. Or, SSA realized that you have been underpaid in the past and needs to fix its mistake.
Why did the U.S. Treasury send me a check?
Some super small checks — averaging $18 a pop — began flooding mailboxes in the past week as the U.S. Treasury and the Internal Revenue Service sent interest payments to cover delays in federal income tax refunds for some 2019 returns. Most interest payments will be issued separately from the tax refunds themselves.
How do you tell if a check from the U.S. Treasury is real?
All U.S. Treasury checks are printed on watermarked paper. When held up to the light, the watermark reads “U.S. Treasury” from both the front and the back. Any check should be suspected as counterfeit if the check has no watermark, or the watermark is visible without holding the check up to light.
What funds Social Security?
Social Security is financed through a dedicated payroll tax. Employers and employees each pay 6.2 percent of wages up to the taxable maximum of $142,800 (in 2021), while the self-employed pay 12.4 percent. The payroll tax rates are set by law, and for OASI and DI, apply to earnings up to a certain amount.