Questions tagged [social-security]

For questions relating to the US Social Security system, e.g. payments, benefits, FICA taxes, etc.

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2answers
295 views

Is this claim fraudulent: “I Can't Believe This $16,728 Social Security Bonus Was So Easy”? [duplicate]

When I browse the Motley Fool Website, I see an advertisement that says "I Can't Believe This $16,728 Social Security Bonus Was So Easy", and it seems a fraud. Does any one on this forum have ...
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1answer
46 views

Elementary question about AGI and SS income

I know that 15% of my social security income is not taxed at the Federal level. But is that 15% a deduction or an adjustment? That is, is the 15% counted in AGI or not? I get gobbledegook when I ...
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204 views

Fed MED/EE, Fed OASDI/EE and CA OASDI/EE visa status F1 - OPT

When I worked as intern on CPT, my employer deducted the following taxes from my pay check: Fed MED/EE Fed OASDI/EE CA OASDI/EE My tax agent said I need to request them to get that back or fill a ...
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1answer
85 views

If I start earning again, does my USA SS income get reduced?

I have not shown any income for the past seven years, and receive about $900/month in Social Security. This year I will earn about $30,000. Will this affect my SS income, and if so by how much (...
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1answer
75 views

Risks and threats in signing empty SSA-89 form

A financial institution is asking to sign form SSA-89 which is used for verification of the social security number assigned a person. This verification is requested by a third party. The third party's ...
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3answers
275 views

Should I use Social Security survivors benefits in calculating the amount of life insurance needed?

I see a question How much life insurance do I need? , but I want to buy least amount of Life Insurance but still cover my kid and spouse up to an extend. We all get annual social security statements ...
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0answers
38 views

Is the Social Security death benefit of $255 reduced if the would-be recipient spouse's benefit is reduced by 2/3 of their civil service pension

If a person has a pension from a job in State, local or Federal government and the job was not covered by Social Security (SS), the benefit they can get from their spouse's Social Security is reduced ...
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1answer
82 views

Do I report gross income or the total after taxes when reporting earnings?

When reporting to the Social Security Administration do I report gross income or the total after tax deductions? I will be holding the amount for taxes until "tax season". I report monthly to the SSA ...
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52 views

How long does one need to work and pay taxes, to qualify for Social Security retirement ( USA)

I have looked on SS sites and other sites and saw no answer. Long ago I think "40 quarters" ( 10 years) of paying social security taxes were required before one could collect SS retirement if you were ...
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1answer
37 views

US permanent resident, AUS citizen federal retirement benefits

I have a relative who is an Australian citizen. They moved to the US at age 25, became a US permanent resident, worked and paid federal US taxes for ~30 years. At no point did they pay Australian ...
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2answers
106 views

social security benefits for green card holder in US

My relative is a permanent resident/green card holder in the US - not a citizen. The person worked and paid federal taxes in the US for ~30 years. (I don't quite understand why they didn't seek ...
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1answer
107 views

Social Security disability 10 year rule

I am 62 years old and have worked all my life. In 2007 I started teaching high school to give back to my community. Now I discover that since I have worked for a school district and made no Social ...
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1answer
110 views

Double dipping Medicare payments

I am 78 years old. I collect Social Security, and am on Medicare, and also work part time paying SS and Medicare premiums. Since Medicare is being deducted from my SS every month, can I get refunded ...
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1answer
57 views

Downside to W2 with base salary and allowance?

This is simply an example, so please bear with me. ExxonMobil (headquartered in TX) offers me a software development position as a W2 employee, with my total compensation being $5,000/month. They ...
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41 views

Home improvement loan for dependent support worksheet

My mom had to finance HVAC replacement in a condo we purchased together, but she is the permanent resident, as I live in another state. She receives SSD payments. For the dependency support worksheet,...
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1answer
148 views

Social Security Insolvency?

I was perusing the Analysis of the 2018 Social Security Trustees’ Report. This report claims "that the Social Security program faces a large and growing funding imbalance that must be addressed ...
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1answer
190 views

Are US citizens required to have a US bank account to receive Social Security while living abroad?

My daughter and I are US citizens and we reside in Moscow, RF. My former wife and the mother of my daughter died recently. She was a US citizen and was living in the USA. Due to her mother's loss, my ...
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2answers
168 views

Effect of Reportable Hobby Income on Social Security Benefits

I am basically early-retired and well under 62 years old, and I do make passive income from investments (probably not relevant to this question). I am considering doing something I like to do and ...
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1answer
220 views

SSI in USA: Will SSA demand repayment if recipient is sentenced to “time already served”?

Eve intends to plead guilty to a criminal charge.  Eve has a child Bob. Alice has guardianship of Bob and also management of Eve's income which includes Supplemental Security Income (SSI). SSI will ...
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1answer
206 views

Retirement after reaching 40 credits, non-us citizen

I am a green card holder and I have been working for a US company since January 2011. I am 52 years old and I plan to stop working when I reach 40 credits at the age of 55 in July of 2021. I do ...
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3answers
191 views

Social Security for surviving spouse

Let us assume both husband and wife are qualified to get Social Security benefits. One may be larger than the other. For example, husband is 61, and wife is 60. If husband dies suddenly, then what ...
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1answer
107 views

When I'll receive social security

I am Canadian and have worked in USA from Jun 2000 - Dec 2006. I have paid all the taxes, Can I get back my social security which I paid during my stay in USA?
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1answer
447 views

Social Security/Medicare tax withheld on TN visa

For reference, I worked for 4 months at an internship in Massachusetts in the summer of 2016. I'm a Canadian citizen/resident, and don't pass the substantial presence test for 2016. Is there anywhere ...
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2answers
202 views

Social Security Disability program: What happens when the disabled go back to work?

The United States recently received some rather good news about our Disability Income program, reversing a significant drain on the economy: About 1.5 million Americans applied for disability ...
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2answers
183 views

How are Social Security Benefits adjusted after early retirement, when collection is delayed to 70?

After trying multiple calculators, from ssa.gov (https://www.ssa.gov/benefits/retirement/estimator.html) and others (for example https://www.aarp.org/work/social-security/social-security-benefits-...
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115 views

As a US Citizen can I open a Canadian bank account without my social security number?

As I stated in the title: will I need to provide my Social Security Number if I choose to open a bank in Canada as a US Citizen?
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1answer
80 views

social security (disability) dependent benefits - what is the reason for asking about a bank account?

My wife is currently drawing Social Security Disability benefits. We have one child still in school. Our private disability insurance requires us to apply for dependent benefits on his behalf. We ...
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2answers
133 views

Social security early benefits

Can husband 61 take early retirement and wife also 61 wait until 70 to take her full retirement if she worked her whole life too.
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159 views

What happens to my U.S. Social Security and pension if I retire in Germany?

If I retire in Germany, can I receive my U.S. Social Security and pension there, and will it be taxed?
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1answer
606 views

How much is not contributing to Social Security hurting our early retirement goal?

We're a late 47 yr old childless couple, hoping to maybe early retire, and currently our main "day jobs" paychecks don't contribute to Social Security. But we will also not get pensions from these ...
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6answers
4k views

Why Is Social Security Excluded From Retirement Savings Formulas?

I've spoken with several financial planners who recommend saving at least 15% of income for retirement (media example and this site has an example). They do not include social security, which takes ...
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1answer
85 views

What is the benefits threshold for social security tax

I am a foreigner working in NY and will be leaving in few month. I would like to know if I can get refund for the social security tax because I can't enjoy it. I see the answer was "No, you cannot. ...
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1answer
2k views

How do I apply for a no interest loan from Social Security Admin?

Does anyone have info where to look/apply for the no interest loan Social Security talks about? I cannot seem to navigate thru the directions to actually find application form and where and when to ...
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1answer
163 views

Do I need a Social Security Number?

I am a New Zealand citizen, and legal resident of Mexico (not the US - I have only B1/B2 visa for the US). I have funds in the US in an American bank account (in my name). Recently I have considered ...
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3answers
6k views

Can I buy Social Security credits?

I have 39 credits and no longer work in the US. (Gave up resident card after 10 years in the US). Retired in Norway. Is there any way I could buy the last credit point I need?
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1answer
1k views

Do I need to pay medicare/social security as full-time employee but with a business on the side of which I'm the sole owner/employee?

I'm working full-time for a company, but I also have my own mobile app business on the side. Do all the regular self-employment rules apply to me? I'd like to take the money I make from my side ...
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2answers
479 views

Do I have to pay Medicare and Social Security taxes if I just have a work permit and not yet a green card?

I applied for a Green Card late July 2017. I just received my work permit few weeks ago. During this time where I am in between status am I exempt from Social Security and Medicare taxes? When I had ...
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2answers
114 views

will it make a difference in the social security payment between taking at age 67 and 68

I am turning 68 in January . Should I wait to apply for my Social security payments. How is the payment calculated .will it increase if I don't apply now?
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1answer
133 views

Social Security widower retroactivity

I'm trying to help my dad get his Social Security retirement stuff figured out. He waited until a couple months before he was 62 and found out that he could have been getting widower's benefits since ...
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1answer
234 views

Am I exempt from taxes if I work for a college?

I work at an accredited community college. I ask this because my paycheck, along with several other colleagues, had 0 withholdings for state, federal, and ssn. I was told that we get tax breaks ...
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2answers
122 views

When I withdraw SS vs when I retire

If I stop working at age 65, can I wait to age 70 to accept SS (living off of my own retirement accounts and younger spouse's income) for those 5 years?
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3answers
610 views

Can I retire after 10 years of work?

According to this site after 10 years of work I will have enough credit to retire. But what does it mean in reality? How can one just retire after 10 years of work and be eligible for social ...
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1answer
2k views

Can I open a personal bank account with an EIN instead of SSN?

Can an individual open a personal (non-business) checking or savings account using an EIN instead of their SSN? If so, what are the advantages or disadvantages of doing so?
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1answer
108 views

Can increasing my tax withholding from my full-time job cover FICA taxes for my freelance work?

According to this article, instead of making quarterly estimated tax payments for freelance work I do on the side, it may be possible to simply increase my tax withholding at my full-time job. I ...
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1answer
162 views

I need advice on how to get out of default on college student loans [closed]

Well, this is not very specific, but I need advice on how to get out of default on college student loans. Right now I am on Social Security, Medicaid and food stamps. It made things more difficult ...
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1answer
186 views

What is deducted from a social security monthly payment?

About to retire in ~8 months and live in California. I would like to know what taxes and deductions I should expect to see in my SS payment check; the SS office tells me I will receive ~2300, but how ...
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1answer
208 views

My employer is refunding incorrectly witheld FICA. Do I need to wait for W-2c to file?

My employer withheld FICA taxes and generated a W-2 based on it. I see the error and report it to them. Now they are refunding the FICA taxes and will issue a W-2c. They say you can proceed with ...
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2answers
5k views

FICA was not withheld from my paycheck

Hello personal finance, I was filing my taxes for 2016 and I just found out that I transitioned from Non-Resident-Alien to Resident Alien around September last year by passing substantial presence ...
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2answers
130 views

Are there tax-advantaged accounts (e.g. HSA, FSA) for retired Social Security recipients?

Medicare doesn't cover 100% of my medical and dental expenses. Is there a tax advantaged plan I can start to contribute to in order to pay them? I have no employer to 'offer' one.
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1answer
83 views

Reporting SSA-1099 income for newly married spouse

I got married in December 2016 and up until November 2016 my spouse was receiving social security benefits. Since our combined income exceeds the threshold for receiving benefits, she had the benefits ...