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It's called your Net Pay... So that's what's left after taxes and everything else has been taken out of your gross pay. The Gross Pay is your full check IF nothing had been taken out of it. However, no one gets all of their Gross Pay on payday, because SS, taxes, and other deductions are withheld on your behalf.
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
SS# is the important thing
Depends on the type of disability payments you receive. I do not have to pay taxes on my military disability, it is tax free.
Yes, this is a very common practice. Unless you only received SSI payment they can recoup back taxes.
No you do not have to have taxes taken out of your SS check. Unless you specifically request to have taxes taken out, they will not be taken out.But remember that whether you have taxes taken out or not does not affect the taxability of your payments. At the end of the year, you have to fill out Form 1040 to figure out if you owe any taxes. If you didn't have enough taxes taken out, you will have to pay the difference at that time. If you had too much tax taken out, you will get a refund.Whether your SS benefits are taxable is a fairly complicated calculation that depends on your filing status, your total income, and amount of non-taxable income such as municipal bond interest. See Publication 915 for details of how to determine if your Social Security benefits are taxable:http://www.irs.gov/pub/irs-pdf/p915.pdf
It's called your Net Pay... So that's what's left after taxes and everything else has been taken out of your gross pay. The Gross Pay is your full check IF nothing had been taken out of it. However, no one gets all of their Gross Pay on payday, because SS, taxes, and other deductions are withheld on your behalf.
As long as a person works, they continue to pay "wage taxes", even if decide to start collecting SS while they are working.This is neither silly or unfair, since, as each year they continue to pay into the system, the higher their benefit goes up, so that they may see an increase in their SS beyond any cost of living increase.I am assuming by a person's "check", you meant a paycheck. If she just receives a SS check, no, the only taxes taken out is the Federal Income Tax, if she requests it.
do i have to pay taxes on working income after age 66
Yes, you do need to pay income taxes on any income you get especially from inhertances.
Yes you can.
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
SS# is the important thing
How can I change my adddress with the Social Security
Depends on the type of disability payments you receive. I do not have to pay taxes on my military disability, it is tax free.
4 trillin dollars
Yes I believe so. However, this depends on your age to determine how much you are able to earn before having to pay back an amount in taxes at the end of the year. If you are over 72 (I think) you should be able to earn as much money as you want, as well as get your SS check and not be penalized with an ungodly amount of taxes. Call H&R Block to get a better answer.