A Brief Note On Tax Service Llc.

979 Words Feb 5th, 2016 4 Pages
Katy, Texas

RKL Tax Service LLC

Keywords: find a tax preparer, find a tax professional for (category), tax preparer, accountant

The Facts About Social Security

Social Security is a federal program that affects everyone in the United States, and has long lasting implications for every tax payer. If you need help understanding how the Social Security system works, contact us at RKL Tax Service LLC. We have a staff of tax preparers and accountants who know the Social Security system through and through.

What is Social Security?
The Social Security Act, a law passed by Congress in 1935, was created to provide the elderly citizens of the country with benefits in their later years. Thanks to the efforts of Franklin D. Roosevelt, this federal program provides assistance to the people who have worked throughout their lives, but might not have had the chance to save enough for their retirement. Twenty one years after its initial signing, the Social Security Act was revised to include disability benefits to Americans.

Today, Social Security is divided among these two separate programs, which are called the Disability Insurance Program and the Old Age and Survivors Insurance Program. Though financial data for these two distinct programs is generally combined, the actual moneys are always store in separate trust funds.

There is often confusion between the Social Security Act 's benefit programs and the Supplemental Security Income (SSI) System. Though they may sound similar,…
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