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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
When can you draw social secruity if you were born in 1958?
Social Security Disability (SSDI) benefits automatically convert to retirement benefits at the same rate of pay when the person reaches full retirement age. There is no increase in benefits or additional payment at retirement, only a change in administrative status and loss of earned-income restrictions.
For people born before 1943, full retirement age is 65; for those born between 1943 and 1954, the age is 66; for those born between 1955 and 1960 and later, the age gradually increases to 67.
How soon before your 66th birthday should you apply for social security retirement benefits?
I personally am concerned about the future of US entitlement programs such as social security, which the country may not always be able to afford. The US has taken on more of a fiscal commitment than it really can meet. Therefore I would say that if you can collect money now rather than later, it would would be wise to do so. Even if you do not need the money immediately, you can still use that money to make investments (well chosen, we hope) and then you will have money when you do need it.
How much do you pay for social security if you are self employed?
Well just like your taxes, you should be paying it along with your form 1040es through the year (quarterly), and ultimately calculating it on your Form 1040 return when filing it.
Not paying your taxes through the year mean you will pay penalties, late fees and interest all of which may be substantial, when you do file and pay.
What is the retirement age for a government employee?
It depends which government you are referring to and what position they hold.
For instance, a judge may hold that position for life in certain countries.
Some countries insist that retirement age is 55, others differ.
Can you draw your deceased husband's Social Security at age 60?
Yes, under the current laws anyone who has accumulated 40 work credits may retire at age 62, but you will only receive approximately 75% of the benefit you would be entitled to if you filed at full retirement age. Your year of birth is the determining factor in when SSA considers you to be full retirement age. For people born between 1943 and 1954, the age is 66.
Can a person collecting Social Security benefit apply for unemployment at the same time?
Yes, as long as you qualified for both of them individually. Mind you though, 4 states will offset your unemployment benefits by a portion of your Social Security benefits (Illinois, Louisiana, Utah, and Virginia).
Can you collect SSI and disability at the same time?
No your social security benefits payments will be issued to you monthly. Unless you happen to qualify for some back payments then you could receive a lump sum to bring you up to the year that you started receiving your SSB amounts.
Can a person that's on Social Security Disability Income run a sole proprietorship?
If you return to work during the first nine months you will continue to receive your SSDI benefits. At the end of nine months the SSA will review your case and determine if you are doing substantial gainful activity earning an average of $1,000.00 if you are not blind. The monthly SGA amount for statutorily blind individuals for 2011 is $1,640.00.
SGA for the blind does not apply to Supplemental Security Income (SSI) benefits, while SGA for the non-blind disabled applies to Social Security and SSI benefits.
Read more about "The Ticket To Work Program And Other Work Incentives"; see related links
What is another name for the Social Security system?
FICA, the abbreviation for Federal Insurance Contribution Act, also known as Social Security.
Social Security is also known as Old-Age and Survivors Insurance (OASI), although retirement and survivors' benefits are only a portion of the SSA's obligations.
How much money can you earn working while collecting Social Security you are 63 years of age?
Your plans to work in retirement: If you take a job that pays more than $12,960 in retirement while collecting benefits, your benefits will be reduced by $1 for every $2 earned above that threshold unless you are past your full retirement age of 66..
Yes if you choose to start collecting SSB at age 63 before you reach your normal retirement age (NRA) then your earnings each year will be subject to the earnings test each year until the year that you reach your NRA or full retirement age (FRA).
For 2010 the earnings test amount is 14160.
Can an undocumented person get a Social Security number and how?
Yes, undocumented workers sometimes fraudulently acquire counterfeit or real Social Security cards (identity theft). We can't tell you how because there is no legal way for an illegal alien to obtain a Social Security number.
Can you collect Social Security Benefits and unemployment benefits the same time in Maryland?
Yes, BUT, your benefits each week may be reduced by the weekly amounts you receive from pensions, Social Security, retirements, etc. See the Related Link below for information in the FAQ section.
Yes, your disability check can be garnished. The reasons can be child support and taxes even across state lines. This happened to me. Yes I am speaking from experience not some law book or hear say. You have no protected income.
Where was the Social Security Act of 1965 which created Medicare and Medicaid signed into law?
Most legislation is signed at the White House.
How do you find out if someone has social security?
You are given a social security number the day you are born. You do not choose it. It is automatically yours to own forever.
Every individual has their very own social security number that they own until they die.
This is why it is important to take care of your social security card. If it is stolen, the person who has it can steal your identity and use it anyway they want,
If you lose your social security card, notify the social security office as soon as possible. That person who stole it now ha become you, with regards to finances and you will be responsible for theft if you do not report it immediately to the banks and stores and everyone else you do business with.
Do you pay income tax on Social Security disability benefits?
Yes, you may have to pay income tax if your modified adjusted gross income is $25,000 or more for a single person, or $32,000 or more for a couple filing jointly. Social Security benefits are taxed at 0%, 50% or 85% (see below), depending on your total taxable income.
If you are retired or disabled and Social Security benefits are your only source of income, you will need to file, but generally will not be taxed. If you received income from sources other than Social Security, your benefits will not be taxed unless your modified adjusted gross income is more than the base amount for your filing status.
- For a single taxpayer, If your total AGI is less than $25,000, you pay tax on 0% of your benefits.
- If your total AGI is $25-34,000, you pay tax on 50% of your benefits
- If your total AGI is above $34,000, you pay tax on 85% of your benefits
- For a married couple filing jointly, If the total AGI is less than $32,000, you pay tax on 0% of your benefits.
- If your total AGI is $32-$44,000, you pay tax on 50% of your benefits
- If your total AGI is above $44,000, you pay tax on 85% of your benefits
You can do the following quick computation to determine whether some of your benefits may be taxable:
- First, add one-half of the total Social Security benefits you received to all your other income, including any tax exempt interest and other exclusions from income.
- Next, compare this total to the base amount for your filing status, if the total is more than your base amount, then 50% or 85% of your benefits may be taxable.
What can i use as verification for my child's social security number?
Your parents should have this information. Also, the Social Security Office has this information, however, you may need an adult to get your social security number. The best answer I can give you is to call your local Social Security Office.
Can you draw social security on a ex-spouse if you have remarried?
If your divorced spouse dies, you can receive benefits as a widow/widower if the marriage lasted 10 years or more. Benefits paid to a surviving divorced spouse who is 60 or older will not affect the benefit rates for other survivors receiving benefits. Whether you had children together does not matter.
In general, you cannot receive survivors benefits if you remarry before the age of 60 unless the later marriage ends, whether by death, divorce, or annulment.
If you remarry after age 60 (50 if disabled), you can still collect benefits on your former spouse's record. When you reach age 62 or older, you may get retirement benefit on the record of your new spouse if they are higher. Your remarriage would have no effect on the benefits being paid to your children.
This answer does not constitute legal advice. To obtain legal advice, consult with an attorney. This is especially important in divorce and family law matters, in which outcomes are often peculiar to the particular facts and circumstances of the case.
Neal J. Meiselman, Meiselman & Helfant, LLC, 29 Wood Lane, Rockville, Maryland 20850, www.meiselmanandhelfant.com, 301-279-8840.
Can you collect Social Security disability if you never worked and are divorced?
Yes, under certain circumstances. If you are the spouse or ex-spouse (married at least 10 years) of a worker who has earned at least 40 social security work credits, you would qualify for "spousal benefits" equaling 50% of your husband's or wife's retirement payment. You can only receive retirement benefits if you are at least 62 years old and your spouse has applied for his or her own benefits.
The widow, widower, or ex-spouse (if married at least 10 years) of a qualifying worker may receive survivors' benefits as early as age 60 for retirement, or age 50 for disability. You may collect benefits at any age if you are caring for the decedent's minor children under age 16.
If you don't qualify for regular Social Security benefits, you may be eligible to receive Supplemental Security Income (SSI) if you are at least 65 years old or disabled. SSI is means-tested assistance for people with no or low income and few assets.
For more information, see Sources and Related Links, below.
How does my wife's income affect my social security disability?
No, If you are on ssdi, it is a paid into program and there is no money cap. If you are on SSI then yes. To receive money in this program you must be both disabled and poor. Married persons income are looked at as one income. To receive SSI there must be 2,000 dollars or less in your bank account. Again SSDI will not be affected.
How do you collect child support if the father of the child doesn't have a Social Security number?
You can file a claim with the state department's Office of Child Support Services. You can google "Office of Child Support Services" and the name of the state in which you live, and you should be able to find the site. It will be a .gov site. Also, if the father of the child happens to be a U.S. Citizen, then I'm fairly sure that he needs a social security number in order to pay his taxes.
Can a child collect social security from a deceased parent and child support from the other parent?
My grandson wants to move in with us the Grandparents, he is getting socialsecruity since his Dad past away. Right now his Mom is getting it can I tranfered that over to us since we have to take care of him, how long can he throw it he is gonna be 18 next Feb, but still is going to school.
If you get married will your social security change?
No. Benefits do not stop when you get married. Also, you both continue to receive your check each month. In the event of death of one spouse, the surviving spouse will receive the greater of the two amounts for the rest of their life. For example, if a husband passes away and his social security income was higher than his wife each month, she will then receive a check for that amount instead.
Do you need to contact Social Security when you are turning 65?
Yes, but only under special circumstances. A widow or widower can collect survivors' benefits at age 60, as can an ex-spouse who was married to the deceased for at least ten years. It is also possible to receive Social Security disability (SSDI) compensation at this age, if you meet SSA qualifications.
The earliest a person can collect regular retirement benefits is age 62.
When can you draw half of your spouse's Social Security?
You can draw half of your spouse's entitlement if you wait to retire when you reach full retirement age (65 for people born before 1943; 66 for those born between 1943 and 1954) if your spouse is also retired.
