Want this question answered?
SURE IT WILL. And if you continue to work and contribute to the social security and medicare insurance program until age 70 your benefits will continue to increase.
Yes!
yes
No, individuals over the age of 70 are generally exempt from paying Social Security or Medicare taxes (FICA taxes) on any earned income. There is no age limit for paying income taxes on investment income, though.
yes you do my father pays taxes he is 70
I have an employee over 70 years of age, can she stop withholding her FICA taxes? (Social Security) Thank you
Check with the Social Security office in your state to find out about their eligibility for Medicare. Here's a link that will help: http://www.medicare.gov/Publications/Pubs/pdf/10050.pdf
At the age of 70.
Yes, you can close an IRA after age 70 and a half. Once you reach this age, you can start taking distributions from your IRA without penalty. Keep in mind that you will need to pay taxes on any withdrawals you make, as contributions to traditional IRAs are typically tax-deductible.
SURE YOU DO. You can be over 100 years of age and could still meet the requirements of having to file an income tax return. Age does not have anything to do with the requirement to have to file an income tax return.
Medicare Part B does not cover the shingles vaccine
The voting age is reqired by law to be 18-70 years old.