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I am retired military 50 my wife 46 is going to retire from the Railroad in 2019 how is our social security impacted Can she receive RR retirement while I receive military retirement?
social security is not impacted by other retirements. they are separate. Your military retirement will not affect or change your wife's retirement from the railroad. you will …each have your own retirement and at age 62 or older you each will also have your own social security. however, your wife many not have any input to social security benefits if she has not paid into social security during her work span. best to check with social security to see where she stands with social security
You can not receive both even if your dead spouse could
How many people are currently receiving social security checks in the U.S.?
Possibly. See Tables 1, 2, and 3 on pages 2, 3, and 4 of Publication 501 to determine if you are required to file a federal return: http://www.irs.gov/pub/irs-pdf/p501.pdf… Check your state income tax return instructions or your state tax agency to see if you are required to file a state return. Of course, if you had taxes withheld and are owed a refund, you should file in order to receive the refund even if you are not required to file. Yes, I certainly do.
Answer Hi, Whether or not you are over 65 you have to file a tax return if your income exceeds the total of your standard deduction and your personal exemption. Assum…ing you are single and over 65 for 2007 your standard deduction is $6,650 and your personal exemption is $3,400 or a total of $10,500. If your income other than social security exceeds that amount, you are required to file a tax return. Up to 85% of social security benefits can be taxable depending upon the amount of your other income. If you are single and the total of half of your social security plus all your other income exceeds $25,000, some of your social security is taxable. Let me know if you have any questions. Regards, Carole http://en.allexperts.com/q/Tax-Law-Questions-932/Social-Security-Filing-Taxes.htm
Can you receive social security disability payments if you are already receiving a military retirement and a veterans administration disability payment rated at 100 percent?
How much di i save by me already receiving disability payments.
Yes, you can receive both a teacher's pension and Social Security benefits without the two affecting each other. Although administered by individual states, SSA operates und…er federal statutes and regulations. Your state of residence is irrelevant under benefit guidelines. Only earned income is counted toward the $14,160 annual cap in place between the ages of 62 and the year you reach full retirement age (typically 66, at present). The earning cap increases to $37,680 in January of the year you turn 66, and is lifted completely the month of your birthday. Afterward, there is no earned-income limit. Pension checks, 401k payouts, annuities, capital gains, and other investments are not counted toward the income limit at any time.
Yes, if you qualify under both programs you can receive Social Security disability or retirement compensation and VA benefits at the same time without a reduction in benefits …for either.
Can you receive disability social security and your spouses social security pension
Only if the retirement disability is not from SSA (e.g., workers' comp or a public disability pension). One can receive Social Security disability and disability payments fr…om other source(s) at the same time. See the Related Link below.
This depends on the laws in your particular state. Some states do not participate in the Social Security system because they have state employee retirement programs similar to… Social Security.
If you receive pers retirement and apply for social security at age 66 will your social security benefits be penalized?
Yes. Social Security is not a mean-tested program, but a form of government-administered pension (the retirement benefits, at least) that you paid into through FICA taxes duri…ng your working years. Unearned income such as pensions, annuities, 401K payouts, interest and dividends, gifts, etc., will not affect your Social Security benefits in any way. If you have not yet reached full retirement age (65 for people born before 1943; 66 for those born between 1943 and 1954) but continue working, there are some restrictions on salaries or wages, but once you reach full retirement age, there is no limit on this form of income either.
You can receive social security benfits at the age of 65 or if you were born after 1959, 67. This is said to possibly increase with the increasing number of older individuals …in our country and the dwindling number of younger individuals putting money into social security.
Yup, you can collect any pension money coming to you without it affecting your social security.