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Is social security taxed?

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Yes it is very possible for 50% to 85% of your SSB to become taxable income on your 1040 federal income tax return and added to all of your other gross world wide income and be tax at your marginal tax rate amount.
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What is the 2009 social security tax rate?

The 2009 and 2010 tax withholding rate are the same. The amount your employer withheld from your earnings was 7.65% for the social security and medicare tax combined, which an

What is the 2010 Social Security tax cap?

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

Are social security disability checks taxed?

No, it is not a taxable income. Although they give you a 1099 at the end of the year. I would also check with your state laws and maybe a tax consultant if it is not your only

Do you pay taxes on Social Security when retired?

The answer depends on your individual circumstances. If you are retired and Social Security benefits are your only source of income, you may file, but generally will not be

Do Congressmen pay Social Security taxes?

Since January 1, 1984, all members of Congress have paid into the Social Security system just like most U.S. workers.

Do your tax pay your social security?

The taxes that you are paying now for for the social security and medicare insurance program are being used to pay for the benefits that the current beneficiaries are receivin

Are taxes withheld from social security payments?

Taxes are withheld only upon request. Contact the Social Security Administration if you want taxes withheld. Remember that withholding has nothing to do with whether you nee

When did Social Security tax begin?

The Social Security Act of 1935 was signed into law by President Franklin D. Roosevelt on August 14, 1935. The government began collecting taxes for Social Security in January

Do social security recipents pay social security tax?

Presumably the question is about U.S. Social Security taxes. Social Security taxes (commonly referred to as FICA taxes) are taken out of your earnings each time you receive a

Do you pay taxes if you collect social security?

Assuming that this is the United States, you have to pay federal taxes on Social Security benefits if a federal tax turn was filed as an individual and the total income was mo

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