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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
How does a retirement calculator work?
By entering in the calculator information about savings, 401k, yearly income, and other financial information, the calculator will tell you how much you will get a month from social security.
What is the worst mental illness?
Bipolar I Disorder (mot to be confused with Bipolar II). Highest suicide rate, mania, to include hallucinations and hearing voices, often violence. Bipolar I disorder also includes hypomania and severe depression.
The term "Bipolar" at one time was known as Manic Depressive Illness. Currently, the name for the illness has come to include, erroneously, the Bipolar II. Bipolar II does not have the element of mania that Bipolar I does.
Actually Bipolar II does have a manic element, but it is hypomanic, which is a lot less severe than the mania of Bipolar I. A lot of people, like me, start out as Bipolar II but become Bipolar I when they have their first full-blown manic attack (I prefer attack to episode because that's what it is--an attack on the mind).
If legality of use or possession of such documents would be determined by the way they were obtained. For example alledged illegal immigrant submitted them upon applying for employment and the employeer photocopied them. Or perhaps the person voluntarily allowed them to be copied, (this might or might not hold up in court). And of course the other factor, whether or not the judge would allow the documents to be used as evidence (it's always the judge's call).
What is the difference between labor welfare and Social Security?
Welfare is given to those who are able to work, but are unable to find a job, or those who have small children. Labor is working, and these people receive a pay check from their employer. Social Security is a US government program that people pay into when they work that will be given to them if they have a disability while working or after they have paid in for 40 quarters and are the age required.
What is the percentage of Social Security Disability income a collections agency can take in Kansas?
Social Security Disability cannot be garnished.
Can you collect unemployment and welfare at the same time in California?
Yes, if you recently lost a job, and have very low income and few resources, you may qualify for both unemployment and welfare benefits. If you are approved for unemployment, welfare will count the unemployment benefits as "unearned" income, and the benefit will count against your welfare benefits.
Both unemployment and welfare require you to look for work. Welfare can grant a deferral from the work requirement if you are unable to work, but the unemployment agency will deny your claim if you are unable to work. The exception to this is if you became disabled after becoming eligible for unemployment, or if you were disabled due to an illness or injury not caused by your job
Can a child collect work pension from deceased father?
Only a death benefit compensation is the death is work related.
Can you file for social security if you owe IRS?
Yes.
Do you think the IRS should just presume that everybody who doesn't file doesn't owe any taxes?
26USC6012 requires anyone having more than a certain amount of income to file a tax return. 26USC7203 makes willful failure to file a return a crime punishable by up to a year in jail and/or a $25,000 fine. Neither of these laws carry any requirement that you owe money. It is extremely rare, but people have been successfully criminally prosecuted for failure to file even though they might owe no money. See Spies v. United States, 317 U.S. 492, 496 (1943); United States v. Wade, 585 F.2d 573, 574 (5th Cir. 1978).
Is the typical guy whose only source of income is a W-2 on which he had way too much tax withheld going to get prosecuted? No. Maybe if he gets arrested for something else like drugs, a tax charge might be piled onto his case. Or if he sends threatening letters to the IRS commissioner, they might take revenge. But not typically.
People who have never had any income other than a W-2 forget one fact: The IRS does not know whether you owe any money until you file your taxes. A lot of people have income from other sources that does not get reported on a W-2. They owe income tax on that, too. And the IRS does not know that you have dependents or have deductions or whatever unless you file a tax return. They need that statement, sworn under penalty of perjury, of your income, deductions, exemptions, credits, and so on to properly calculate whether you owe taxes. If you don't send it to them, they will make certain worst-case assumptions about you and could even pursue you for taxes you don't owe.
And if you don't file, the statute of limitations never starts running. That mean that the IRS can hound you over whether you owed taxes forever.
There are also certain elections that need to be made on or before the filing date. Failure to make these elections in a timely manner means you forfeit the opportunity. For example, you can take a return of your current year IRA contribution or recharacterize a contribution up until October 15 of the next year, but only if you file your return (or an extension) on time, even if you don't owe money.
Now many people will point to the fact that the civil penalty (as opposed to the rare criminal penalty) for filing late is based on the amount of money you owe. If you don't owe any money, the penalty is $0. (Note: some states impose penalties that may not be based on the amount you owe.) They then extrapolate that to mean you are not required to file and nothing will happen if you don't. These people do not know the big picture.
And I don't know how many times I've seen people say "I always get a refund" but this year they don't. And they don't realize it because they haven't filled out their taxes. Or they make a mistake on their taxes and the IRS catches them. They end up paying thousands of dollars in needless failure to file penalties because they didn't file on time.
Did the administrators of social security get raises?
Federal employees, including Social Security administrators, got a 2% pay increase in 2010 and are scheduled to receive a 1.4% pay increase in 2011. The Social Security Administration is also being given an extra vacation day this year, the Friday following Thanksgiving.
To be fair, the SSA's workload has increased substantially in the last few years as more people have been forced to take early retirement or attempted to replace lost income with disability benefits, as a result of high unemployment.
The Social Security Trust Fund is used to pay benefits to eligible individuals. The remainder is invested in Treasury bonds.
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.
How much will gov take from disability and social security checks?
= How much will gov take from disability and social security checks?" =
How do you correct your earnings on your Social Security Statement?
Instruction on how to do so are on the Statement. Understand, SS earnings are defined very differently than income taxable, or state taxable, or FUTA, or other forms of income.
Does your employer have to pay social security taxes?
Yes, he pays half of the total amount for you and you pay half, of the 15.30%
Will social security check get more money in 2010?
trying to find out if i will get more money on my disability check for 2010? someone had said we will not get the cost of living this up coming year,can you tell me if this is true? and if we are. is it to early to know how much? thank you Mrs walker
Are unemployment benefits affected by Social Security Disability benefits?
Because the SSA is very stringent about allowing Social Security Disability benefits, you are most likely to not qualify for unemployment benefits because you have to be able to work, which the SSA had to admit you couldn't.
Can you collect social security disability for flatfeet?
No, to collect social security disability you must not be able to work any job in the national economy.
Is there any way that i can get my ss survivors benefits paid in full instead of monthly?
Nope. That is not how it works.
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Another answer:
It sounds to me like you could be confusing the Death Benefit with the Survivor Benefits. You can apply for a lump-sum death benefit ($255) through your local Social Security Office and it is separate from Survivor Benefits. The Survivors Benefit is a monthly payout.
Where can you buy a car without a social security number?
You can buy a car without a social security number if you purchase it from a private dealer rather than from a car lot. The car lot dealer has to present it legally in order to transfer the title, a private owner does not.
You collect disability only if you show that you are unable to perform work, not that you worked as long as you have. If you worked eight years and there are justifiable reasons for quitting, as determined by your state's employment security office then you might be eligible for unemployment benefits. This has nothing to do with the Social Security you are presently receiving.
Does medical insurance reduce your Social Security portion?
Medical insurance payments to the providers of the services for your medical bill charges would not reduce the amount that medicare will approve for the payment amount charges that they will pay for the services that you have received.
Is it legal for an employer not to deduct or pay social security taxes from their employee wages?
No.
When your wife retires and applies for social security what will happen if you receive disability?
It doesn't affect your disabiity payment. The Social Security money is hers.
Do you have to have taxes taken out of your social security check and if so how much?
No you do not have to have taxes taken out of your SS check. Unless you specifically request to have taxes taken out, they will not be taken out.
But remember that whether you have taxes taken out or not does not affect the taxability of your payments. At the end of the year, you have to fill out Form 1040 to figure out if you owe any taxes. If you didn't have enough taxes taken out, you will have to pay the difference at that time. If you had too much tax taken out, you will get a refund.
Whether your SS benefits are taxable is a fairly complicated calculation that depends on your filing status, your total income, and amount of non-taxable income such as municipal bond interest. See Publication 915 for details of how to determine if your Social Security benefits are taxable:
http://www.irs.gov/pub/irs-pdf/p915.pdf
