{"id":22091,"date":"2022-08-25T05:13:00","date_gmt":"2022-08-25T05:13:00","guid":{"rendered":"https:\/\/worldscholarshipforum.com\/wealth\/?p=22091"},"modified":"2022-08-25T08:00:02","modified_gmt":"2022-08-25T08:00:02","slug":"what-is-social-security-and-how-does-it-work","status":"publish","type":"post","link":"https:\/\/kiiky.com\/wealth\/what-is-social-security-and-how-does-it-work\/","title":{"rendered":"What is Social Security and How Does it Work?","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"\n

The social security program was first introduced in 1936. Since then, it has been used as a means to identify and track individuals, track your lifetime earnings, and calculate your Social Security benefits. <\/p>\n\n\n\n

The Social Security Administration (SSA) assigns nine-digit Social Security numbers (SOCIAL SECURITY NUMBERs) to U.S. citizens, permanent residents, and eligible nonimmigrant workers in the United States. <\/p>\n\n\n\n

The social security administration uses social security numbers to report wages to the government, track Social Security benefits, and for other identification. <\/p>\n\n\n\n

Every female and the male student to who U.S. Citizenship and Immigration Services (USCIS) grants employment authorization to needs a social security number. The social security number is one of the most important things contained in your social security card.\u00a0<\/p>\n\n\n\n

This article serves as a guide for getting a new social security card. In addition, you would learn what a social security card is and why you need it.\u00a0<\/p>\n\n\n\n\n\n

What is a social security card?<\/strong><\/span><\/h2>\n\n\n\n

A social security card is a card containing your name, citizenship, date of birth and social security number. It is one of the most valid means of identification in the U.S. The social security number contained in your social security card is a nine-digit number that the U.S. government issues to all U.S. citizens and eligible U.S. residents who apply for one. <\/p>\n\n\n\n

The government uses this number to keep track of your lifetime earnings and the number of years worked. <\/p>\n\n\n\n

When the time comes to retire, or if you ever need to receive social security disability income, the government uses the information about your contributions to social security to determine your eligibility and calculate your benefit payments. <\/p>\n\n\n\n

Most people will use the same Social Security number their entire lives, though some people might need to apply for a replacement number at some point because of identity theft.<\/p>\n\n\n\n

Why do you need a Social Security Card?<\/h2>\n\n\n\n

If you are a U.S citizen, a social security card is one of the must-haves. As mentioned above, the social security number that would be assigned to you in your social security card is important when you need to get a job, collect Social Security benefits and get some other government services. <\/p>\n\n\n\n

You should keep your Social Security card in a safe place with your other important papers and avoid giving it out unnecessarily. Keep in mind that in many cases, even if you lost your card, you may not need a replacement. In most cases, simply knowing your social security number is enough. <\/p>\n\n\n\n

In addition, you also need your social security card as evidence when you want to get your driver\u2019s license. Your security card also shows your citizenship besides other details about your identity. This is such that in case of any emergency, you can seek after your security card to show who you are. <\/p>\n\n\n\n

Anytime you get hired for a new job, your employer will ask for your Social Security number. Your employer\u2019s accounting department will use this number to report your income to the Internal Revenue Service (IRS) and to report your Social Security wages to the Social Security Administration. <\/p>\n\n\n\n

Your employer will also use it for state income tax reporting unless your state doesn\u2019t have an income tax. Some other reasons you might need a new social security card are:<\/p>\n\n\n\n