Ask Larry

Do You Know What I Received A Deposit Today?

I received a deposit of $141.00 today October 12 can you tell me what this deposit is for?

Hi. No, I have no idea. Sometimes people will receive extra or irregular Social Security benefit payments as a result of benefit recomputations. The most common cause of a recomputation is to include additional earnings that the person had after starting to draw benefits, but I wouldn't have any way of knowing if that's what caused the payment that you received.

In any case, when Social Security sends payments other than regular monthly benefits they also normally mail a notice explaining the payment within 2 weeks. If you don't receive such a notice or if the notice doesn't adequately explain the payment then you'll need to call Social Security for an explanation.

Best, Jerry

Category: 
Posted: 
Oct 12 2021 - 12:32pm
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