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Does your employer still withhold Social Security if you are retired and collecting Social Security?

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Does your employer still withhold Social Security if you are retired and collecting Social Security?
Yes. If you work after retirement, you will still have contributions to Social Security and Medicare (FICA) withheld from your paycheck at the same rate as before retirement.
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What is the current age to collect Social Security retirement?

You can file as early as age 62, but your benefits will be reduced to about 75% of the amount you would receive if you file at full retirement age. Full retirement age is 65

Is a retirement pension subject to Social Security withholding taxes?

  According to IRS publication 54 (2007), pensions are "unearned income" and thus in the same category as capital gains, dividends and interest income. Withholding tax is

If I retire at age 62 and collect Social Security can I still earn money?

Yes. If you retire at age 62, you can earn $1,180 per month ($14,160 per year) in wages and an unlimited amount of income from passive sources, like 401k, annuities, dividends

What is the maximum Social Security withholding for 2010?

The 2010 cap is the same as in 2009, $106,800.00, at which point the Social Security amount withheld would be $6,621.60 (6.2%). There is no cap on the Medicare insurance con
What is Social Security Administration full retirement age to collect?

What is Social Security Administration full retirement age to collect?

Beginning with people born in 1938 or later, that age gradually increases until it reaches 67 for people born after 1959. Go to the SSA gov web site and use the search box for

What is the Social Security withholding tax rate?

The withholding amount by the employer from your earnings that are  subject to the old age survivors disability insurance is 7.65% for  the social security and medicare tax