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Yes, unfortunately this is the case. It's a pro-rated amount after your AGI exceeds a certain threshold. The generally increased per year so you can check the IRS web page or check the social security web page for the AGI limitation.

Charles Coker,CPA

Charles, I think you answered a different question;

What I think the original question was, is: "Do you pay FICA taxes on earned income after retiring (retirement meaning: collecting a SS benefit)?".

I think the answer is simply: yes.

Are there other ways that work can increase your benefits?Yes. Each year we review the records for all Social Security recipients who work. If your latest year of earnings turns out to be one of your highest years, we refigure your benefit and pay you any increase due.
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โˆ™ 2011-07-23 21:14:53
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Q: Do you pay Social Security taxes after retirement?
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Do you pay social security on a retirement incentive payment that is not wages?

Yes it is very possible that the retirement incentive amount will be subject to social security taxes in the year that the is received.


Do people that are on Social Security pay income taxes?

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Illinois teachers do not pay into social security. They pay into Teachers Retirement System.


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Yes, I have to pay federal taxes on my NC state retirement but not state income tax. Not all of my social security is taxable, depending on my adjusted income. The amount of social security that is subject to taxation is on a sliding scale. A more complete answer can be found at: http://www.fool.com/taxes/2002/taxes020315.htm


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