Social Security Direct Deposit Tax Email A Fraud #p2 #tcot

"Here's the real scoop:

Yes, it is true that the Treasury Department will begin phasing out paper checks. And yes, federal benefit recipients, including those who receive Social Security, will be required to either get their payments by direct deposit or in the form of a prepaid, rechargeable debit card (it will be a MasterCard®). The switch has to take place in about a year, on March 1, 2013 (and not January 2013). If you're already using direct deposit, nothing will change.

The switch is intended to save tax dollars; paper checks currently cost taxpayers nearly $120 million. That number is expected to dramatically increase as the number of baby boomers nearing retirement age explodes. Some estimates take the savings up to a billion, though I'm not sure how accurate that really is.

That new rule, though, has zero to do with H.R. 4646."

rest at http://www.forbes.com/sites/kellyphillipserb/2012/03/15/social-security-direct-deposit-tax-email-a-fraud/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+taxgirlfeed+%28taxgirl+for+Forbes%29