Social Security

Depends of what benefit, and what year you were born. If you are asking about US Social Security, go to their website and look up retirement benefits for someone of your birth year. Full retirement age MAY be greater than age 66 for a young person.

The portion of benefit called "Social Insurance Offset Benefit" can be reduced by any amounts received as disability or pension benefits.

Also, depending on the definition of total disability and any additional riders that can enhance the definition of disability, including residual or partial benefit rider, your benefit may be reduced if you have income from a different source. Normally, retirement pension does not reduce the BASE benefit, because it's not an income from an active job/ occupation.

absolutely yes, if severe enough

You will have to pay federal taxes on your Social Security benefits if you file a federaltax return as an individual and your total income is more than $25,000. If you file a joint return, you will have to pay taxes if you and your spouse have a total income of more than $32,000.

You'll need a US PASSPORT to return to the US.

indiana

Of course..it's admirable as well as a number of disabilities can be worked through via smart management of money...just make sure if your gains pass your income limits that you report it to the Social Security Administration or you could face fines/charges (after the appropriate chance to state a case etc/respond)

If either your employer bought the disability policy, or you purchased it with PRE-tax money (thru payroll deduction perhaps), then I believe disability benefits are taxable at ordinary income tax rates. If it was purchased with after tax money, usually not taxable. A good rule of thumb is: If YOU haven't paid taxes on the premiums, you're going to pay taxes on the benefits. If you mean "pension payments" when you say "retirement checks," then yes. It is taxed like ordinary income.

Nonsensical question: A persons SS# is their Tax ID number. Credit of and for what?

No, the social security number should not be used again. If you are caught, it is a crime and may face jail time.

That's whats happens to your paycheck...not mine.

Basically, all earning up to @$98,000 a year are FICA taxable.

Fica is paid at 15.30% of those earnings...of which half is paid by the employer on your behalf and the rest 7.65% you pay through a withholding. If more than that is being charged, something is flablooey in accounting!

Income taxes, (and you can include most State ones too), vary a bit depending on many factors, but especially income. For your Federal, the rate is non-existant or very low until you reach certain levels, where the higher brackets (there aren't many), kick in.

Hence, now and as it's always been, if you don't make much you won't pay any or much income tax, but your FICA will be the same % regardless..until your income is high enough that FICA ends, but your probably in the highest tax bracket by then too.

Interestingly, about 50% of the wage earners pay NO federal income tax - in fact a large percentage of those actually get money through things like the earned income credit, etc. However, that same person may pay FICA.

A 58 year old widowed veteran was told that the amount of his social security benefit at 62 will be reduced if ever he marries now. Is this correct?

In the State of North Carolina, Yes you get from the week after you first file aka your " Holding Week " to present back. Plus the 25$ Making Work Pay :)

Welfare, Social Security, Workmen's compensation, food stamps and Rental assistance. Any Government money that does not require work is considered an entitlement.

b. receiving social security

over 70 years

According to the SS web site, it is $106,800. You can go to the site and search on "maximum earnings subject to social security 2009".

Yes. There are no restriction for you to purchase US Savings Bonds, if you can afford to do so.

Possibly. Of course there are some strict regulations as to why they get them and how much. The link below will take you to the Social Security Administration page for Benefits for Children.

First, you should file a police report with the local police. Then contact the legal department or the fraud division of the credit card companies where your husband used your social security number. You should also contact the major credit bureaus and ask how to place an alert to prohibit anyone other than you from obtaining credit by using your social security number.

Second, you should speak with your divorce lawyer about this. What your husband has done is a criminal offense and should be brought to the attention of the courts and the criminal authorities. He should be ordered to pay the debts as part of the divorce settlement and close any accounts that were opened using your social security number.

I would sugest hiring a lawyer for that. What you need to do is that you need to go to the bank where she had the credit card, cancel it, and take her to court using the lawyer you hired. Be sure that you have evidence, or your case won't matter.

No. The social security tax for 2016 was 6.2 percent of your income and your employer had to contribute an additional 6.2 percent for a total of 12.4%. Their is no option to withhold more or less. To increase your contribution, you need to earn more money, work for a longer time before retiring, or delay collecting social security as each year you wait to collect social security the amount you can get increases.

Yes. You can take early retirement at age 62 if you have accumulated the required 40 work credits, but your benefit amount will be reduced to approximately 75% of what you would receive if you postponed retirement until full retirement age.

People born in 1958 reach full retirement age at 66 + 8 months (eight months after your 66th birthday in 2024).

The Supplemental Security Income (SSI) program pays benefits to disabled adults and children who have limited income and resources. SSI benefits also are payable to people 65 and older without disabilities who meet the financial limits.

Absolutely no one. The first check for social security wasn't cut until the 1940's.

Social Security has been in trouble for years and years, I will never see my money, this I know.