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Can you pay off your back taxes with your social security money?
Vitalforces
Yes you can use any sources of income that you available to pay your past due income taxes, penalties and interest that you may owe the UNITED STATES TREASURY DEPARTMENT.
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∙ 13y ago
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Do you get OASDI money back in your tax returns?
No, Social Security taxes are separate from income tax. There is no refund.
Can the state of Wisconsin take your social security check for back taxes owed?
If a person owes the the state of wisconsin dept. of revenue back taxes of $13,000. or more can they levy social security and penison monies?
You are currently self employed and make a monthly payment to the IRS for some back taxes Can you still retire and start collecting Social Security as long as you continue to make your back tax paymen?
The IRS seems to be happy as long as they get their money. Lots of people have retired and started collecting Social Security while paying back taxes. I have no idea how it works, but I know people who have done it.
What did roosevelt do to get Americans to put their money back in the banks?
He set up the entire social security system ... he promised everyone a benefit from their social security if they put their money back in the banks...
Do you get the FICA back on your federal taxes?
No you do not get FICA back on federal taxes. It's a pay now and collect later system, for when you collect social security at retirement.
What impact does moving to another state have on receiving back money from social security disablity?
None; Social Security is a Federal program.
Social security overpayment?
If payments from Social Security have been more than designated, it should be reported. Eventually, the Agency will catch up and get the money back.
Can a collection agency take your social security in Washington?
No. Social security and social security disability CAN NOT be garnished by a collection agency, BUT the Federal government can garnish it for child support, back taxes, unpaid student loans or any other money for which it is owed. SSI on the other hand CAN NOT be garnished by anyone, not even the Federal government since it is awarded by need. Hope this helps, Lsqud in PA
What part of my social security is untaxed?
Non-taxable means you don't have to pay tax on the benefits. The formula for calculating how much of your Social Security benefits are non-taxable is extremely convoluted and involves re-calculating your taxes and adding back in certain non-taxable payments like municipal bond interest and depends on your marital status and filing status. Anywhere from 15% to 100% of your Social Security benefits can be non-taxable. If you really want the details, refer to the worksheet on page 27 of the Form 1040 instructions: http://www.irs.gov/pub/irs-pdf/i1040.pdf
Who gets your social security if you death?
No one gets it the government takes all your money back.
How can you get the balance you owe to social security?
One has to apply for their Social Security. If an application has been made and there are monies owing to you then it is important to contact your local Social Security office and file a claim for the funds that are owed to you.
Has anyone received money from an offshore account with the numbers on the back of their social security card?
No. The red numbers on the back of a social security card are control numbers that verify the authenticity of the card. They serve no other purpose.
