My father has signed up for Social Security and he and I both got a surprise when an agent told him that because I'm still in school (or, I was, I just graduated two months after he signed up) I get two months worth of benefits...joy! So, anyway, they sent me a letter saying "You will receive $1064 on <date> and <date>"
I was just wondering...will they take taxes out of that $1064? Or will I get at check for that much?
To me it doesn't make much sense to take taxes out of it, plus, they said in the letter that I will be receiving $1064...twice...I get the check soon, but I just wanted to try and make some plans for the money, even though I'm saving most of it.
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