Having a child is one of the most exciting things you can do and it changes your life forever. When you have a baby your world changes and you are suddenly responsible for someone else. It is important that you do the things you need to do to take care of your child and this means that you need to make sure that your child has everything they need to thrive. Before you leave the hospital you need to make sure that you get a Social Security number for your baby. Read on to learn about the importance of getting a Social Security number for your child.
A Social Security number is an important document and identifies you and allows you to take advantage of social support programs. You can’t get a loan without a Social Security number, or file your taxes, or apply for Social Security benefits. The easiest and least painful way to get your Social Security number for your baby is to get it while you are still in the hospital.
If you apply for the Social Security number while you are still in the hospital you won’t have to go through a long and difficult process of getting the card after you leave the hospital. When you apply for a Social Security card online while you are in the hospital you just have to sign a paper and you won’t need to submit a pile of documentation since your identity and your child’s identity is already verified just by being in the hospital.
If you wait until later, you will have to fill out a long application and submit a lot of different documents which is going to to take time and will make things more complicated. It is much easier for everyone if you just apply for the card while you are in the hospital. You will have plenty of time to take care of it while you are resting and then you will be done and the process will be over. Your baby will get the card in the mail in about three weeks.
Your Social Security number has nine digits and it is given to you by the United States government. All citizens of the United States can get a Social Security number and some United States residents can also get one. Your Social Security number is used to keep track of how much money you make and how many years you work.
Your number is used to calculate what your benefits are going to be from Social Security and it is also used to calculate your Social Security disability benefits if you ever need them. The Social Security number is used to keep track of how much you pay into the Social Security system and this helps the government determine what your payments are going to be.
You keep the same Social Security number throughout your lifetime and you need to present your number when you are applying for a job so that your employer can keep track of your earnings and pay your payroll taxes. Your employer will also report your income to the Internal Revenue Service.
Having a Social Security number is also crucial when you want to open a bank account. You won’t be able to open a credit card or a bank account without a Social Security number so you have to make sure that you get the number as soon as possible since it is so important. If your child needs a bank account one day or wants to open a loan, they are going to have to have this number to take care of everything they need to take care of so you want to to get it right away.
Your child is also going to need a Social Security number to apply for any types of government programs like unemployment and Medicare. The Social Security number is used to identify you and it ensures that you are not trying to apply for benefits that you do not qualify for. The Social Security number is essential when you need to apply for benefits and other types of loans.
Your Social Security number is something that you need to have and since it is so much easier to get it at the hospital when your child is born, you need to just go ahead and get it done so you don’t have to worry about it anymore. It is something you are going to need to take care of at some point, and the longer you wait, the more difficult it is going to be to get this very important piece of paper.
Since your child won’t be needing their card for a long time, you want to keep it in a safe place so you don’t lose it. You can use your child’s Social Security number to apply for child tax credits and declare your child a dependent to qualify for other tax breaks. You don’t want to give your child’s number out to anyone else other than the IRS because no one else is going to be needing it.
If it gets stolen you are going to want to check for signs of identity theft. Criminals have been known to open credit card accounts for toddlers, and this can have an impact on your child’s financial future and make it very difficult for your child to get loans in their future. Identity theft can affect your child’s credit score and this can be a huge problem. Identity theft is on the rise and you have to watch out.
You don’t want your child’s Social Security number to get into the wrong hands and you have to be very careful with it. If you end up being a victim of identity theft it can be very difficult to get back in control of your finances, so you need to make sure that your Social Security number does not get into the wrong hands.
When did you get your child a social security number? Was it while you were still in the hospital after they were born or did you wait until later to apply for one?
Disclosure – I have teenagers who constantly need something and a husband who thinks items like race cars and boats are toys. So, throughout the blog you will find affiliate links that enable me to buy a bottle or two or three of wine to keep my sanity intact.