answersLogoWhite

0


Best Answer

They can only take your land if you put it up as security for the car.You should read your loan agreement very carefully it will help you prepare for what they will do next.

User Avatar

Wiki User

โˆ™ 2006-06-13 03:43:29
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
User Avatar
Study guides

๐Ÿ““
Create a Study Guide

Add your answer:

Earn +20 pts
Q: If you voluntarily send your car back will they try to take your land as security for the debt if you are on Social Security income and you are 65 years old?
Write your answer...
Submit
Related questions

Is social security considered income?

is social security considered income?


income limit with social security?

"income limit with social security?


Is social security considered income for v.a pension?

Social Security Retirement & Social Security Disability Insurance (SSDI) are. Supplemental Security Income (SSI) are not.


does Mississippi Tax Social Security Income?

does Mississippi Tax Social Security Income


Are rental investments considered income for social security?

They are income but they do not require you to pay social security on that income.


Is there federal tax on social security income?

This depends on what your other income is besides your Social Security Income. Dependent on your filing status and other income your Social Security Income can very likely be partially taxable. Up to a maximum of 85% of your Social Security income can be taxable on your Federal Tax Return.


Do you pay taxes if your only income is Social Security?

No. Social Security benefits by itself would not be taxable income to you. Social Security is only taxable if you have other income in excess of certain thresholds. Since you have no other income, your Social Security is not be taxable.


Does Social Security disability income count as income for medicaid?

Social Security benefits (retirement and disability) count as income for Medicaid. However, Supplemental Security Income (SSI) does not count as income for Medicaid.


How do I know if I have Social Security Supplemental Income or Social Security Disability Income?

One should contact their local welfare office to see if their social security is supplemental or disability.


If I am on Social security disability do I need to file an income tax return?

If Social Security is your only source of income, no.


Do I have to pay taxes if I am on Social Security?

No. Social Security is only taxable if you have other income in excess of certain thresholds. Since you have no other income, your Social Security is not be taxable.


If you have a pension plus Social Security what is the tax rate of the Social Security?

That depends on the amount of income aside from Social Security. Up to 85% of your Social Security benefits are potentially taxable.


Does your wife's income affect social security?

Absolutely. It affects her Social Security only.


Are social security benefits subject to social security taxes?

No; Social Security tax (i.e., FICA) is collected from earned income only.


Maximum income when on social security?

what is maximum income one can make at age 63 without penalty on social security


Is annuity income counted against social security income limits?

A regular annuity which is not a 401K is counted against social security income limits.


Do I have to pay taxes on my social security if I live in Florida?

Since Florida has no state income tax return it is irrelevant as to where you live. You will however be likely to have to pay income tax on your Social Security on your Federal Income Tax Return. This depends completely on what other income you have besides your Social Security Income. Other income will include Interest, Dividends, Pensions, and any other taxable income you may have. Social Security taxability can vary based on this other income and can be up to a maximum of 85% of your Social Security can be taxable for federal income taxes.


Does an employee who is currently receiving social security income and is also employed have to pay social security taxes on his new income?

Yes


Does Florida tax social security income?

In most places, the taxation is based on your total income, not just the portion from social security.


Social Security Benefit?

form_title= Social Security Benefit form_header= Estimate your social security benefits. When do you start receiving social security?*= _ [50] What is your expected income?*= _ [50] What is your date of birth?*= _ [50]


Understanding Your Taxable Social Security Benefits?

These days, there are many elderly people who depend on social security as a main source of income. For some people, social security benefits are their only form of income. If this is your case, then you will not be required to pay taxes on your social security benefits. Social security benefits that are the only source of income for an individual do not need to be taxed. However, if your modified adjusted gross income exceeds the limit set forth by the IRS, then your social security benefits will be taxed. For a single person, the income amount is set at $25,000.


How is social security an example of income redistribution?

Social Security is an example of income redistribution by taking a small amount of earned income and storing it over time.


What is the different between social security insurance and social security disability?

None. Social security benefits ((SSB) social security insurance, and social security disability are all the mean the same thing and it is possible for some the SSB to become taxable income on your federal income tax return at your marginal tax rate.


If your only income is Social Security do you need to file tax returns?

No. Social Security benefits in the absence of any other income are not taxable.


Is interest income included in earnings if at age 62 you are drawing social security?

No. Only earned income is counted against your Social Security.