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When can a person who is 56 and has been on social security disabled for ten years go on regular Social Security?
The person is on social security benefits at this time and has been since ten years ago.
What does FICA deduction consists of?
The FICA deduction [since 1990] is 6.2% for employees and 6.2% for employers and is the principal funding source for Social Security benefits.
What happens to the funds acculmulated over a period of time of a Nursing Home Resident who received Social Security benefits but has since died?
Nursing Home resident has accumulated a large sum of money in her account, from which social security benefits were received. Resident has since died, the family was told that the funds will be returned to Social Security. Why? Should these funds not be transferred to the individuals Estate?
Are social security checks called federal benefit checks?
Social Security has been called a federal benefit payment since it was created in the 1930s. The term "federal benefits" applies to a large number of programs, including Social Security, Social Security Disability Insurance, Medicare, and others.
When did you start paying income tax on social security payments?
Paying income tax on Social Security payments depends on your total income and filing status. If your combined income is above a certain threshold, a portion of your Social Security benefits may be subject to income tax. The rules for taxation of Social Security benefits have been in place since 1983.
Can you collect half of your social security at age 55 years?
You can only draw Social Security benefits at age 55 if you are disabled.
Do you capitalize social security benefits in a sentence?
Yes, when referring specifically to the Social Security program or benefits provided by the program, it is appropriate to capitalize "Social Security" as it is a proper noun. For example: "She applied for Social Security benefits."
Can a person draw survial benefits and their social security benefits?
I worked for the Fed Govt for 35 yrs before that I worked and paid 48 quarters into Social Security, my wife worked for the Railroad and was covered by Railroad Retirement, we are now retired. My Social Security was reduced under the Windfall Elimination Clause of the Social Security Act. I was entitled to a portion of my wife's Railroad Retirement Benefits. The Railroad Retirement Board recently informed me that they were reducing my benefits because I have a Federal pension. This is a double hit, since my Social Security benefits have already been reduced by 45%? I have appealed this ruling and hope to have it reversed. Can they reduce both benefits due to a Federal pension being drawn?
At what age can a person is a person eligible for SS benefits if they are now receiving SSI and have enough work credits for regular SS pension benefits?
I BELIEVE YOU MUST REACH RETIREMENT AGE TO RECEIVE SOCIAL SECURITY RETIREMENT BENEFITS, HOWEVER, SINCE YOU ALREADY COLLECT, "SSI", I WOULD APPLY FOR "SSD", "DISABILITY BENEFITS", IF YOU ARE "DISABLED" AS PER "SOCIAL SECURITY DISABILITY "GUIDELINES" & "REQUIREMENTS". JOANNE 44 GOOD LUCK. * That would also depend upon the number of work quarters the person has accumulated. Visit Social Security Online, concerning retirement age and elgibility requirements and information concerning any SS benefits. http://www.ssa.gov
If your husband dies at age 55 can you draw his social security benefits?
You can only draw your own social security. ==Clarification== According to the Social Security and Disability Resource Center: At what age can I start drawing Social Security Retirement Benefits? If you are 62 years old you can apply to receive Social Security retirement benefits as an individual or as a spouse on a husband or wife’s record. Additionally, an applicant may be entitled to file for social security retirement benefits on the record of another individual as a divorced spouse or widowed spouse provided they were were married to that individual for ten years or more. Widows and Widowers may be entitled to a survivor benefit at the age of sixty provided they have not remarried before the age of 60. Also, a disabled widow or widower may receive a disability benefit on the record of a deceased spouse at age 50 provided they have not remarried prior to age 50.
Where can I find out more information about social security taxable benefits since I receive social security?
A great website to help you find information and advice for social security benefits is www.irs.gov. This website has lots of information that will help you with your taxes.
Is there a statute of limitations to file for Social security disability benefits?
Yes. Each state has different time. For NY is 4 years since Social Security Adm. made wrong decision of the amount of benefit.
