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What else can I help you with?
Can rent a home i own and still collect ssi?
You can rent a home and still collect social security money. Social security money is meant to be a subsidy and not your only source of income.
Can you receive a pension with social security bebefit?
Yup, you can collect any pension money coming to you without it affecting your social security.
Is there money in your name tied to your social security number at your access?
You cannot access your social security entitlement until you are eligible to collect social security. Then the people who are working will fund your entitlement.
What happens to my social security money if I die before I get to collect it and have no minor child or spouse?
They remain in the Social Security fund to be paid to other beneficiaries.
How much money can you make working if you collect Social Security at 62?
If you collect Social Security at age 62 and continue to work, there is a limit to how much money you can earn without reducing your Social Security benefits. This limit changes each year, but in 2021, you can earn up to 18,960 before your benefits are reduced.
What happens if you don't have the money to pay your bills you've lost your job and only collect social security?
Your screwed.
Can you collect social security from PA paid while teaching there and Ohio teacher retirement money from teaching there?
Yes, you can. As you said, teachers in Ohio do NOT pay social security. Teachers in Pennsylvania DO pay social security. HOWEVER (and there is a big however), when you start to collect social security, you will take a hit from social security. This is called a Windfall Provision. Spousal benefits are also affected. With that said, PLEASE CONSULT YOUR ATTORNEY AND TAX ADVISOR. I am not an expert.
if a person is on social security and wins lots of money is their social security cut off?
No, winning money would not automatically lead to the cutoff of Social Security benefits. However, there are income and asset limits that may affect the Social Security benefits a person receives. If the winnings, plus any other income or assets, exceed these limits, it could result in a reduction or loss of Social Security benefits. It is advised to consult with the Social Security Administration for specific details.
Was fica deductible?
FICA taxes, which include Social Security and Medicare taxes, are withheld from earnings in most cases. They are not deductible on a federal tax return. You will only see some of that money again when you collect Social Security or Medicare.
Does Transferring money occurs when the government transfers money they collect to businesses and individuals?
Yes, the transfer of money occurs when the government transfers money it collects to businesses and individuals (in the form of subsidies, welfare, social security, etc.).
What is the amount of money a person receives in social security based on?
is there a limit as to how much money a person on social security can accumulate
Can a social security card be used to withdraw money?
No, you cannot use a social security card to withdraw money. A social security card may be useful if you want to open a bank account, though, and you can withdraw money from that.
