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When you file you will calculate the correct amount of taxes that you actually owe.
If not enough was taken out, you will have to pay more.
If too much was taken out, you will get a refund. Yes the tax you had withheld is taxable...the entire amount you receive, whether you put it in a savings account at the bank, or one with the IRS is taxable. Tax due isn't deductible from taxable income...that would be circular.
What else can I help you with?
Can a widow receive her own social security benefits and her deceased husband's?
Yes, but the marriage had to be 10+ years before the divorce.
If husband expires before spouse can she receive his higher social security payments?
Yes if he has worked and paid into social security. Do not wait. Call the social security office in your state and find out. Understand, that you cannot collect your social security and your husbands at the same time. They will explain it to you when you call.
Is it possible to receive Social Security benefits before the age of 62?
No, you generally cannot receive Social Security benefits before the age of 62, unless you are disabled or a surviving spouse.
Are taxes taken out of social security before you receive it?
Yes, taxes are typically not taken out of Social Security benefits before you receive them. However, you may owe income taxes on your Social Security benefits depending on your total income and filing status.
Can you draw deceased husbands benefit if remarried?
In general, if you remarry before the age of 60, you cannot receive your deceased husband's Social Security benefits. However, if you remarry after the age of 60 (or after 50 if disabled), you may be eligible to receive benefits based on your deceased husband's work record.
Is a wife allowed to draw on husband's disability social security at age 62?
Yes, a wife can draw on her husband's Social Security disability benefits if he is receiving them and she is at least 62 years old. However, she may receive a reduced benefit amount if she claims before her full retirement age. Additionally, eligibility may depend on her own work history and benefits. It’s advisable to consult the Social Security Administration for specific circumstances and options.
What if you receive social security and also earn cash?
You have more money each month. If you receive social security disability (SSDI) you are allowed to earn up to a certain amount before it affects your benefits. If you receive Social Security after reaching the required age, you can make as much money as you want. You may have to pay taxes on some of that depending on the amount earned.
If social security statement says you receive 1300.00 is this before or after medicare payment?
That's probably the gross amount.
My daughter's mother draws social security through here father she was disabled before 18 does she have to pay child support?
I know if you receive SSI or SSDI you have not paid enough into the Social Security fund to receive legitimate Social Security so therefore it cannot be garnished for child support. So if they were not gainfully employed long enough to accrue some social security they do not have to pay you support.
Can wife at 62 claim half of husbands benefits?
Yes, a wife can claim half of her husband's Social Security benefits if she is at least 62 years old and her husband is eligible for Social Security benefits. This spousal benefit allows her to receive up to 50% of her husband's benefit amount, provided that he has filed for his benefits. However, the amount she receives may be reduced if she claims before her full retirement age. It's important for both spouses to consider their individual retirement strategies when making claims.
Does your ex husband need to be collecting social security before you can collect?
No. Once you're divorced the SS treats you as two separate people.
My husband and I are the same age but I want to draw on husband's social security when I am 62 and he will wait until he is 66 can we do it that way?
Nope, you have to wait until he collects before you can collect on his. However, you can collect on your own.
