Generally, if Social Security benefits were your only income, the benefits are not taxable and you probably do not need to file a federal income tax return.
If you have any other sources of worldwide income and (tax exempt interest and exempt dividends) then it is possible that some of your SSB to become taxable income on your income tax return and then you would be required to file an income tax return.
Probably not, but:
You should check the tax instruction booklet to be sure. It should take a few minutes at most to figure out if you need to file.
In the 1040 instructions for Tax Year 2013, see pages 7, 8, and 9; it should take you only a few seconds to see if any given page applies to you (page 8 only applies if someone can claim you as a dependent, and if the only income you're getting is from Social Security, page 9 probably only applies if you employ a caregiver or maid or gardener or something like that).
Not always.... Depends on how much your income is. But if for some reason they do a stimulus check and you did not file - you will NOT receive one.
Always file your Fed. Tax return. If S.S. is the only income you receive you'll be eligible for E.I.C.. It may not be a lot, but living exclusively on your S.S. benefits is tough.
That depends on your state of residence and how much total income you receive each year. Fourteen states apply some form of tax on Social Security benefits.
No. Social Security retirement (vs. SSI) is not based on income or assets.
Yes you can choose to receive your monthly social security check in the mail if that is really what you want to do.
Yes. If you work after retirement, you will still have contributions to Social Security and Medicare (FICA) withheld from your paycheck at the same rate as before retirement.
social security is not impacted by other retirements. they are separate. Your military retirement will not affect or change your wife's retirement from the railroad. you will each have your own retirement and at age 62 or older you each will also have your own social security. however, your wife many not have any input to social security benefits if she has not paid into social security during her work span. best to check with social security to see where she stands with social security
No Retirement or Social Security can be garnish.
Provided you are of age-social security office. You can check nearby locations online.
If while receiving social security retirement benefits, I get married, can my wife receive thru me, and if so how much if my monthly check is, $1738.
Yes. Social Security Retirement paymants are paid in arrears. So the check you receive in July is for your June payment
No the social security payment amount that you are qualified to receive will not have any affect on the amount of your spouses payment amount that he is already receiving
In most cases, if you are receiving long-term disability insurance benefits, it should not impact your ability to also receive Social Security retirement benefits. However, it's important to review your specific policy and situation to ensure there are no restrictions or limitations that could affect your eligibility for both benefits simultaneously. Consulting with a financial advisor or Social Security representative can provide more tailored guidance.
You can receive early Social Security Retirement benefits at age 62 but if you income exceeds a specific dollar amount per year ($12,960 in 2007), your Social Security benefits will be reduced by $1 for every $2 earned over that amount. After you reach full retirement age, you will no longer be penalized for your earnings. For more information, check out the article on Social Security Retirement Benefits-When To Collect at www.Americas-Best-Places-To-Retire.com
Social Security retirement checks are subject to FICA taxes (Social Security and Medicare taxes) unless an individual has already reached the maximum taxable earnings limit for the year. Once the maximum limit is reached, no further FICA taxes are deducted from the retirement checks.