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What is the income called that you take home after taxes are taken from your paycheck?
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.
You got married and your w2 is in your maiden name does that matter for taxes?
SS# is the important thing
Do you have to pay income taxes on ss disability payments?
Depends on the type of disability payments you receive. I do not have to pay taxes on my military disability, it is tax free.
Can north carolins seize your SS payments for back taxes?
Yes, this is a very common practice. Unless you only received SSI payment they can recoup back taxes.
How much money can you earn working while collecting SS and avoid paying taxes you are 71 years of age?
for 2014 how much can i earn i am 63
Do you have to have taxes taken out of your social security check and if so how much?
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
Are social security taxes taken out of a persons check when they reach age 65?
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.
How can I have taxes taken out of my Social Security Check that I receive?
No....considering first that your employer pays half of the required contribution, and the way it is calculated and the way that is all reported would have to tie in mathamatically. I gather you would like to report and pay on higher social security ages to have a higher SS benefit on retirement. Not at all sure that would be an advised way to get the financial benefit your after. SS contribution is 15.30 % of SS wages, which if your employed the employer must pay half, and if self employed you pay all. A string retirement contribution amount. If you reported additional self emplyment income, it would also be income tax income, and state tax, etc..so that really wouldn't work either.
What is the income called that you take home after taxes are taken from your paycheck?
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.
Is federal income tax and Old Age Survivors Disability income tax taken out of one's social security check?
OASDI is not taken out. Income tax is taken out on request only. Contact the Social Security Administration if you want tax to be withheld. Whether or not you ask for tax to be withheld, you may be liable for tax on your SS payments. That is computed when you fill out your Form 1040 at the end of the year. If you do not have sufficient tax withheld or make estimated payments, you may be subject to a penalty for underpayment of estimated taxes if you owe any taxes.
How do you have child support taken out of child's ss benefits?
You don't. However, if the child's RSDI benefit is based on the obligor's SSA account, it is considered child support. If that benefit exceeds the amount ordered for child support, the obligor does not owe any additional payment.
Do you pay taxes on SS Benefits at age 66 and working?
do i have to pay taxes on working income after age 66
Can a person on ss and paid interest on her home file taxes?
Yes you can.
You got married and your w2 is in your maiden name does that matter for taxes?
SS# is the important thing
Do you have to pay income taxes on ss disability payments?
Depends on the type of disability payments you receive. I do not have to pay taxes on my military disability, it is tax free.
How much money has gov taken out of ss?
4 trillin dollars
How can you be a ss for free?
Go to ShyPuppyGirls suite.Send he a gift,a friend request that says ss and say something nice in her guestbook.Now u will get a gift code in the stardoll mail from her.use it.
