OCR Text |
Show Farmer's Social Security Benefits May Depend on 1955 Income Report a - fits, Mr. Adams said. He further stated that any farmer farm-er desiring additional information should get touch with the Farmers Union state office at 580 West 13th South, Salt Lake City. The 1955 reported income is crucial cru-cial in determining Social Security benefits for farmers 64 years of age and older, according to Burton H. Adams, member of the state board of directors. Farmers 64 years of age or older will be greatly affected by the 1954 amendments to the social security se-curity law, it was pointed out. They provide that for the first time farmers are being included for social so-cial security benefits. This year's reported income is particularly important to the farmer farm-er 64 or over because: (1) a farmer farm-er who reached age 65 before July I. 1954 requires only 6 quarters of coverage. These need not be consecutive con-secutive and may have been at any time. (2) a farmer who reaches 65 between July 1, 1954 and December 31, 1956 must show taxable income for the years 1955 and 1956. This income may be either eith-er from self -employment or wages. Many farmers may be able to sell something to increase their 1955 income before December 31, 1955, if necessary to take full advantage advan-tage of these social security bene- |