The Social Security Benefit Statement is also known as the SSA-1099 or the SSA-1042S. It is a tax form we mail to you every January if you receive Social Security benefits. It shows the total amount of benefits you received in the previous year, so you know how much Social Security income to report to the IRS on your tax return.

Understanding the key requirements for Social Security benefits in 2025 is crucial for U.S. citizens and residents. Meeting these conditions ensures a steady retirement income, but strategic planning can enhance your benefits significantly.

Here’s what to know about taking Social Security and the trade-offs between claiming your benefit before, during or after your full retirement age. When should you start collect