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Is Social Security earned income?

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No. The Social Security benefits would be a part of all of your other Unearned Income for the year. You are not working for the benefits that are paid to you during each year.
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Can the IRS garnish Social Security income?

YES, the IRS CAN garnish your Social Security Retirement benefit! This is a relatively new program, though it was apparently authorized under legislation from several years ag

Does social security count in income for earned income?

No, earned income includes wages, salaries, tips, other taxable employee compensation, and net earnings from self-employment. Earned income also includes strike benefits and a

Can Social Security income be garnished?

  Answer   No, ordinary creditors can't garnish Social Security benefits. However, the IRS can. This is a relatively recent program. If your Social Security benefi

How much income can you earn in 2010 and collect Social Security at age 62?

If you are 62 years old in 2010, you will reach full retirement age at 66. Under 2010 SSA guidelines, people who have not yet reached full retirement age can earn only $14,160

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Is social security income taxed when filing income taxes?

Yes it is possible that from 50% to 85% of your SSB can become taxable income on your 1040 federal income tax return. Generally, if Social Security benefits were your only inc

What portion of Social Security is taxable income?

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How is social security an example of income redistribution?

Social Security is an example of income redistribution by taking a small amount of earned income and storing it over time.

What age does social security not penalize an income?

Are you asking if there is an age when SS will no longer apply FICA to earned income? If so NO!!

Are social security benefits considered income?

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Is there federal tax on social security income?

This depends on what your other income is besides your Social  Security Income. Dependent on your filing status and other income  your Social Security Income can very likely

Is any of this considered earned income if you and your wife live on social security income and a small pension benefit but no labor is performed?

No. Social Security and Pension income are not considered earned  income for the purposed of the Earned Income Tax Credit. This is  not to say that you will not have to file