Calculators

Benefits Calculator

Annualizes fixed recurring benefit income — Social Security, SSI, pension, or any custom source — by averaging the active payment entries and multiplying by frequency, with the option to auto-fill from an award letter.

Step by step

1. Add a source

   Click a preset (Social Security, SSI, Pension) or type a custom name and click Add Source.
2. Label it

   Optionally enter a Recipient name for the source.
3. Enter payments

   Enter the Gross Amount and optional Effective Date; add more entries when an amount recently changed.
4. Exclude outliers

   Check Exclude from calculation on any back-pay or outdated entry to keep it on record without counting it.
5. Set frequency

   Choose the Payment frequency (most benefits are Monthly).
6. Split at the COLA

   For a Social Security or SSI certification effective October to December, check Split the year at the COLA and enter the effective date (plus, for Social Security, the recipient’s situation and birth date). The calculator finds the pay date and counts the months at the current and post-COLA amounts.
7. Or upload

   Optionally click Upload Award Letter for Analysis and let the AI populate the fields.
8. Review & print

   Review the results and click Print Worksheet.

What you get

Three stats — Projected Annual, Total Per Month, and Active Sources — with a Calculation Details panel listing each source’s active entries, sum, frequency, and projected annual, plus a Combined Total. The annual figure uses the average of active entries × frequency. A Print Worksheet button produces a printable report.

Tips & notes

• Each source uses the average of its active entries — use Exclude (not delete) to drop an outdated amount while keeping the record.
• Only non-excluded entries above $0 are counted.
• Confirm whether a pension figure is monthly, quarterly, or annual before setting frequency.
• Award-letter uploads are metered against your weekly analysis limit; review any AI notes.
• The COLA split uses the COLA table’s percentage to the cent, or the amount from the COLA notice when you enter it. See the Social Security COLA Months reference for the pay-date rules.