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Social Security
U.S. OASDI social insurance system funded by FICA payroll taxes and originally created by the Social Security Act of 1935
3,984 Questions
Do your benefits get cut off if you go to college social security?
Your social security benefits should not be affected by going to college but to get the correct answer to your question you should contact your local SSA office and ask them about this matter.
When does security use handcuffs?
That depends on who you work for and also the type of security your doing. However, if a person hits you, you can definitely put Handcuffs on them.
How much money can you earn working while collecting Social Security you are 16 years of age?
when i was 16 years old i was earn monthly 1500 dollar
Can you use ein instead of social security number?
You cannot use an EIN unless you are using it for legitimate business purposes. The use of an EIN to obtain credit for personal purposes is prohibited by federal law.
If you are an employer and have applied for and received an EIN, you can use it when applying for business credit, or when filing business tax returns.
I live in Alabama and we have a social service place that will treat you based on your income. If you make less than $14,000 a year for one person they will see you for free. I think you should find the nearest Mental Health Association and see if your state has one too. A good place to start would be the phone book. Call 1-800-772-1213 or visit www.socialsecurity.gov for answers. Take information from anywhere else at your own risk.
It depends on the wording of the alimony decree. Generally, the alimony and the Social Security are independent of one another.
Are there low income housing loans programs for people on social security disability?
If there are programs available, a good place to check would be with the US Department of Housing and Urban Development (HUD). If you live in a rural (not city) area, the USDA has a program for up to 100% financing for buyers. Also, the county or town or state will sometimes have programs available for home buying assistance. Unfortunately, alot of Federal programs died during this banking issue.
Why does target require a social security number for getting hired?
All or most companies require you to have a social security number to be hired.
If I work in retirement will my social security benefits continue to increase?
It depends on the benefits you claim and the process of the Governing body at the time. i..e You may be "means tested" which will look at what is earned and deduct that amount from benefit, you may be subject to high taxation as you will have income that you MUST declare from a number sources. Therefore you will need to ask the question of then benefits agency you claim from and be clear that you are investigating the potential opportunity to continue paid employment against that of claiming the x, y z benefit.
Could you inform me about social security death benefits?
When an individual dies, social security should be notified as soon as possible and the funeral director will report the persons death and they will require that persons social security number.
What does his will say? What instructions has he given to the Executor of his estate? How much equity is in the home?
Do you need a social security to apply for a credit card with Capital One?
yes you have to in every credit card company.
When did the government begin taxing Social Security annuities?
The federal government began taxing Social Security annuities in 1984, after Congress passed amendments to the Social Security Act in early 1983, and President Reagan signed the legislation into law in April of that year.
The 1984 rule allowed 50% of a person's annual Social Security income to be taxed, if that person's total taxable income reached a certain threshold.
Alan Greenspan, who later became Chairman of the Federal Reserve, recommended the change.
For more information, see Related Links, below.
Can Social Security garnish your wages for an overpayment when you have an appeal on file?
No, but if the appeal is favorable to the SSA they can recover the overpayment amount via garnishment of income.
On the back of the SSA-1099 form you receive there is a worksheet that tells you if you have to file income tax.
Simple Common Sense:
It really makes no difference since the only time you actually do WANT to file is when the IRS says you don't have to!
They don't do that because it's good for you. They do it because it is more likely to be good for them. Certainly if you don't have to file, NOTHING BAD, in fact only good things, can happen by doing so.
Federal Taxes are the same throughout the country. State tax laws are specific to each area.
Whether you have to file a tax return (or pay tax) depends, in part, on your filing status, deductions, amount & type ofincome. There are no such things as "start and stop" ages, not having to pay because of retirement or on social security or working from home or a student. It is all addressed as a matter of"how much TAXABLE income."
(Note: working isn't relevant either, as many people who don't work or are retired, or disabled, or old, or young, or in school, have income from many sources: savings, investments, etc. TAXABLE income is different than what you may otherwise think of as income. In most circumstances, you have to do many of the calculations needed to file a return, just to determine what taxable income may be).
Likewise, there are no special or fixed rates for retired, student, doctor, sanitation worker, President, convict...whatever. The amount of taxable income after applicable deductions and adjustments determines the rate applied to your particular situation. The rate, as well as the amount, you pay changes as the amount of income does.
You must file a tax return if you had net earnings from self-employment of $400 or more. This is your total self-employment income less the expenses paid in operating your trade or business, multiplied by 92.35%.
If you weren't self-employed (paid on a 1099 or ran your own business) then you would always want to file a return to claim the amount withheld and shown on your W-2, which with lower incomes will always be refunded to you.
If you are an individual who may be claimed as a dependent on another person's return, you are subject to specific filing requirements. Refer to the instructions in your tax package or refer to Publication 929, Tax Rules for Children and Dependents, or Publication 501, Exemptions, Standard Deduction, and Filing Information, for the filing requirements for dependents. All available at www.IRS.gov
You must file a tax return if you received any amount of advance earned income credit payments from your employer during the year, or if you owe any taxes, such as:
- social security tax and Medicare tax on tips or group life insurance,
- alternative minimum tax,
- tax on qualified retirement plans including an Individual Retirement Account, or other tax-favored account,
- tax from recapture of an education credit, investment credit, low income housing credit, federal mortgage subsidy, qualified electric vehicle credit, or the native American employment credit.
Generally, you must file a tax return if you are a nonresident alien with income from sources in the United States. For more information on nonresident aliens, select Topic 851 at the IRS website.
Even if you are not required to file a tax return, file a return BECAUSE MANY, LOW INCOME PEOPLE HAVE MANY BENEFITS COMING THAT ARE KEYED TO FILING A RETURN. (Like stimulus checks).
Also, the Statute of Limitations for when the IRS can no longer ask you questions about your affairs for a year only STARTS to run when a return is filed. Not filing, and they can bug you, (and assess a tax) for forever!
What income does not apply to social security?
All unearned income interest, dividends, capital gains, etc. would not be used for your social security benefits amount.
You have been awarded social security disability you are incarcerated now what?
You will not receive it while you are incarcerated because you are housed and fed while there. Once you get out you may start receiving it again. Some have to reapply depending on the case.
What is the 2011 social security and medicare deduction?
The amount that will be withheld from the employee gross pay by your employer would still be 7.65% the same amount as it was for the tax year 2010.
You should get this information from your employer's payroll department as they will be the one that would know how much FICA, federal income tax, state income, local taxes, etc they will have to withhold from your gross bonuses before they print your check for your net take home pay.
You should get this information from the trustee of the retirement plan.
But for income tax purpose you should be able to BUT the taxable amount of the distributions will be subject to income taxes at your marginal tax rate.
It is also possible that from 50% to 85% of your SSB can also become taxable income at your marginal tax rate on your 1040 federal income tax return.
What is the opportunity cost for social security?
The opportunity cost of social security refers to the potential benefits or opportunities that could have been obtained by using the funds allocated to social security for other purposes. This can include investments in infrastructure, education, or other social programs that could potentially have a greater impact on economic growth or individual welfare.
When should i apply for divorced ex-husband's social security just before turning 66?
Perhaps you can not do this (as you are now divorced and nothing to do with him) what did you agree between you (legally) when you divorced in terms of settlement.
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To refresh your memory, that rule is that a marriage must have lasted at least 10 years before a divorce in order for someone to be able to collect spousal benefits on an ex's earnings record. Or to put it another way, at least a decade must elapse between "I do" and "I don't."
For example, in addition to being married at least 10 years, only those people who are currently single can collect spousal benefits on a former spouse. Plus, both ex-spouses must be at least 62 years old.
Generally, if a divorced spouse remarries, he or she loses the right to collect on a living ex-spouse unless that subsequent marriage ends in death, divorce or annulment. Butthere is an exception to the remarriage rule when it comes to a deceased ex-spouse.
If you wait until at least age 60 to remarry, then you retain the right to collect benefits as a surviving ex-spouse.
If you qualify (10 year marriage, 62 or more, not remarried (unless he or she died) you can collect. But the paper work can be confusing so ask someone who is VERY familiar with the ins and outs.
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.
Are social security offices open on good Friday?
All U.S. post offices in all counties are open on Good Friday.
