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You could be 100 years old and still have to pay the social security and medicare taxes on your income that you earn from working for an employer or being a self employed taxpayer.
When you are under your full retirement age and drawing SSB you are also subject to the earning test until the year that you reach your FRA.
The retirement earnings test exempt amount when you are under your NRA (normal retirement age) the annual exempt amount in 2010 is $14,160
More information is available at the SSA gov web site
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Does everyone pay FICA taxes?
I have an employee over 70 years of age, can she stop withholding her FICA taxes? (Social Security) Thank you
How do you get a refund for over payment of social security withholding?
When filing your federal tax return, use form 1040. In the 'payments' portion on page 2, there is a line to enter your excess social security withheld. Enter the extra amount paid in there. This will either increase your refund or lower your liability. You can amend a return already submitted if you did not do this.
What is the 2011 maximum social security withholding amount?
For 2009, the Social Security Withholding tax (OASDI) is 6.20% on wages up to $106,800. Doing the math the maximum social security withholding is $6,621.60. If you have more than one employer in 2009 and your combined earnings exceed $106,800 the combined withholding can exceed $6,621.60 as EACH employer is required to deduct 6.20% of earnings up to $106,800. You will get back any amount over $6,621.60 when you file your taxes as excess social security taxes, or your employer will stop withholding any amounts above $6,621.60 from your paycheck. There is an additional 1.45% for Medicare which has no cap on the amount of withholding. The combined OASDI and Medicare tax of 7.65% is commonly referred to as the Social Security Withholding tax.
Who is assigned to over see social security?
The Social Security Administration.
When does FICA stop being withheld in paychecks?
When you have one employer the amount of FICA for your social security would stop once your wages with the withheld social security amount reach 106800 and social security amount withheld would be 6621.60 If you have more than one employer and your combined wages reported on your W-2 are more than the 106800 amount and your the withheld social security amount is more than the 6621.60 then you would get a tax credit for the amount that is over the 6621.60 on your federal income tax return.
What committee has oversight over social security?
The committee on ways and means oversees taxation and Social Security.
Can unemployment agency take overpayment from social security disability?
If you were over paid by unemployment can that affect your social security benefits at all
What is the three eligibility criteria for Medicare?
Over 65 years old OR disabled; citizen or permanent resident alien; with 40 quarters of covered employment (i.e., employment for which you paid Medicare withholding).
What is the age of the social security program?
Over 70 years
Can a person with a felony conviction and prison term draw social security disability benefits after they are released from prison?
there is no statute that prohibits some one from collecting social security payments from the time their service is over. If they were to go back to prison the payments would stop and then go back to the governemtn.
Can you go to prison for social security overpayment?
NO! Over payments are usually the fault of the Social Security Administration. You are entitled to a hearing that usually determines the fault. Social Security does not want to pay for your prison stay.
Does grant pass Oregon have social security disability?
Social Security Disability is a Federal benefit. You apply through Social Security Administration. However a local Social Security office might not be in Grants Pass, but almost everything including filing a claim can be done online and over the phone.
