Child tax credit: Be sure to save this letter from the IRS

This story is part of Taxes 2023, CNET's coverage of the best tax software, tax tips and everything else you need to file your return and track your refund. Nearly 66 million Americans receive Social Security benefits. Filing a tax return might be on their minds as tax season commences and the April 18 filing deadline starts to inch closer. But whether it's necessary for Social Security recipients to actually file a tax return depends on a few factors.

If you're a Social Security recipient looking to file your taxes early this year, you'll need your Social Security Benefit Statement to do so. It's a document the government sends to recipients every January ahead of tax season. You can keep an eye out for it in the mail or online through the My Social Security account.

Carrying thousands in credit card debt has become normal for many Americans. The average credit card balance is $5,589, according to a 2022 Experian report. Last year, total credit card debt in the US rose by $38 billion from Q2 to Q3, according to the Federal Reserve Bank of New York. With high inflation driving up the cost of everyday essentials, it's not surprising that some are turning to credit cards to finance purchases.