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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

Had to stop work to take care of disabled spouse. can you get ssi?

Yes, you may qualify for Supplemental Security Income (SSI) if you had to stop working to care for a disabled spouse. SSI is designed to assist individuals with limited income and resources, including those who are caregivers. Eligibility depends on your financial situation and whether your spouse meets the disability criteria set by the Social Security Administration. It's advisable to apply and provide documentation of your circumstances to determine your eligibility.

Can your husband collect his social security and get unemployement because he is getting laid off?

Yes, your husband can collect unemployment benefits while also receiving Social Security benefits. However, the amount he receives from unemployment may be reduced depending on his Social Security income, as some states have rules that adjust unemployment benefits based on other income sources. It's important for him to check with his state's unemployment office for specific regulations and to understand how the two benefits may interact.

An employee is having trouble locating a CD that he or she carries around that contains the names birthdates and social security numbers of a J-DIR's employee. He or she should?

The employee should immediately report the situation to their supervisor or the appropriate HR personnel to ensure that sensitive information is managed properly. They should also check any places where they might have stored or used the CD, such as their office, car, or home. Additionally, it may be wise to review company policies regarding data protection and take steps to mitigate any potential risks. If necessary, the employee should consider notifying IT for assistance and advice on securing sensitive information.

Who was the intended audience for the social security bill?

The intended audience for the Social Security Bill, enacted in 1935, primarily included American workers, particularly those in lower-income brackets, the elderly, and the unemployed. The bill aimed to provide financial support and security to these vulnerable populations, addressing widespread economic instability during the Great Depression. Additionally, policymakers and political leaders sought to appeal to the broader electorate, emphasizing social welfare and economic recovery.

Do i pay taxes on social security when i reach my full retirement age?

The answer depends on your individual circumstances.

If you are retired and Social Security benefits are your only source of income, you may file, but generally will not be taxed. If you also receive income from sources other than Social Security, your benefits will be taxed if your total taxable income exceeds a certain threshold.

The formula is very simple. Your adjusted gross income (AGI), meaning income from all taxable sources, will fall into one of the following categories. Depending on your personal situation, you could be taxed on 0% of your Social Security benefits, on 50% of your benefits, or on 85% of your benefits.

  • For a single taxpayer the base amount (cap) is $25,000.
  • If your total AGI is $25-34,000, you will pay tax on 50% of your Social Security benefits
  • If your total AGI is above $34,000, you will pay tax on 85% of your benefits
  • For married couples filing jointly, the base amount is $32,000
  • If your total AGI is $32-$44,000, you will pay tax on 50% of your Social Security benefits
  • If your total AGI is above $44,000, you will pay tax on 85% of your benefits

Does Rhode Island tax social security benefits?

No. Massachusetts is not one of the fourteen states that tax Social Security benefits.

How long would you have to be divorced from your second husband to receive social security benefits from your first husband death I am sixty four years old?

To receive Social Security survivor benefits from your first husband after being divorced, you must have been married to him for at least 10 years. There is no specific waiting period after your second divorce; you can claim benefits as long as you meet the duration of the marriage requirement. Since you are 64, you can start receiving these benefits as early as age 60 if you are unmarried.

How much Can you collect for retirement at 65 and still working legal age is 66?

At age 65, you can collect Social Security benefits while still working, but your benefits may be reduced if you earn above a certain threshold. For 2023, if you earn over $21,240, $1 will be deducted from your benefits for every $2 you earn above that limit. Once you reach your full retirement age (66 in your case), you can earn any amount without affecting your Social Security benefits. It's important to consider your overall retirement savings and investment strategies in addition to Social Security.

How much will I get if I wait until 66 to draw social security?

The amount you receive from Social Security at age 66 depends on your earnings history and the specific benefit calculation. Generally, if you wait until your full retirement age (FRA) of 66, you'll receive 100% of your calculated benefit. If you delay drawing benefits beyond age 66, your monthly payment will increase due to delayed retirement credits. To get an accurate estimate, it's best to check your Social Security statement or use the SSA's online calculators.

When did social security deductions begin?

In 1984

Answer

But before that, like some even today who work for governments (teachers mainly) and don't pay an SS tax, they have to pay in to a different system, at very similar rates and comparable benefits. which system(s) return on investment remains a matter of dispute - and really isn't substantial in any case.

Which security classification would you apply to an sop in which the unauthorized?

If the unauthorized disclosure of the Standard Operating Procedure (SOP) could result in significant harm to national security, operational integrity, or public safety, it should be classified as "Confidential" or higher, depending on the specific risks involved. If the SOP contains sensitive information that could cause serious damage, it may warrant a "Secret" classification. It's essential to evaluate the potential impact of unauthorized access when determining the appropriate security classification.

What is considered income while receiving social security?

Social Security only considers earned income from an employer or self-employment, up to a cap of $106,800.00, to count as income for their purposes.

Typical sources of unearned income include:

  • inheritance
  • pensions (from other sources)
  • income from investments
  • income from annuities
  • IRA distributions
  • interest earned
  • 401(k) distributions
  • proceeds from the sale of a home or other property
  • other government payments
  • etc.

These sources of financial support do not affect the amount of your monthly benefit check, nor are they subject to being taxed under FICA.

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?

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