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What is the minimum contribution to social security?

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On the federal tax schedule does the amount due include the Social security and medicare contributions?

No. The schedules are for the Federal income tax only. (To start - FICA contributions are considered more an insurance and retirement payment, not a tax -(it is earmarked and

Can you contribute to your IRA if you are drawing social security?

  You can contribute to an IRA if you are not yet 70 1/2 and have some source of W-2 / 1099 self employment income. Social security payments are NOT considered income that

Who contributes money to the social security trust fund?

Most people who works for wages must pay a special FICA tax which  is matched by the employers and this money goes into the social  security trust fund. Self-employed people

What is the minimum age of receiving Social Security benefits?

  Retirees can start receiving benefits from Social Security as early as age 62. However, the amount will be reduced from the amount expected at your full retirement age.

When can you get Social Security?

Currently, the social security retirement age is 65. However, you can get the funds out earlier if you were willing to receive less in the way of a benefit. You can check ou

What is Social Security?

Social Security is benefits provided under the Social Security Act  (1935), financed by the Social Security Tax authorized by the  Federal Insurance Contributors Act (FICA)