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Do you pay self employment tax if working when collecting social security?
Wiki User
∙ 14y ago
"Yes as long as you have earned income from working and are still breathing you will continue to have to pay your self employment taxes on your net profit from your business operation."
OK, so I will keep paying self employment tax when collecting full benefits ( I am 66).
That is what I figured, but will my monthly SS payment increase since I am still paying into the system? Thanks.
Wiki User
∙ 14y ago
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Do you still have Social Security deducted from your check if working and collecting Social Security?
Yes. If you work after retirement, you will still have contributions to Social Security and Medicare (FICA) withheld from your paycheck at the same rate as before retirement.
When collecting social security and still working they still take social security out of your pay where does the money go?
To the same place that it was going before you started receiving your SSB. To the trust fund.
Can you find out your employment history through your social security number?
I would like to know if by using your social security number can you find your employment history?
How can you find out if your ex husband is collecting social security?
Ask him
Can i get social security at age 56?
You can get social security at that age if you are disabled, a disabled widow, the widow of a spouse who was already collecting social security and you are not a worker. You can get social security if you are a child of a deceased parent or your grandparents are on social security and they are your sole source of care.
How much money can you earn working while collecting Social Security you are 16 years of age?
when i was 16 years old i was earn monthly 1500 dollar
Where do I get my Social Security benefits information from previous employment?
Consult your last employment department and ask for information.
You are still working 67.5 yrs old if you become disable can you apply for disability instead of regular social security?
Sure, but it's a waste of time. Applying for disability is a pain in the a** and it won't get you any more money. You should be collecting regular Social Security right now, even if you're still working.
How is your monetary compensation affected if you can retire at 60 but do not want your social security benefits until 66?
You can retire whenever you want to without collecting social security benefits. The longer you wait before signing up for social security, the higher your benefits will be. You can go to the social security site and calculate what your benefits will be. You can retire whenever you want to without collecting social security benefits. The longer you wait before signing up for social security, the higher your benefits will be. You can go to the social security site and calculate what your benefits will be.
Will dividends and capital gains affect social security payments?
In general, the size of our Social Security retirement checks will depend on your lifetime earnings record and the age that you begin collecting your benefits. If you start collecting payments prior to reaching your Full Retirement Age (FRA) which for the most part is 66 or 67, depending on your year of birth, the amount of any work earnings beyond a certain threshold ($15,480 in 2014) will lead to a reduction in your benefit amount. However, Social Security's definition of earnings counts amounts you earn from working as an employee or net income from your self-employment, but not dividends and/or capital gains from your investments. So in a nutshell, dividends and capital gains do not affect your Social Security payments.
If you are on social security and working does your employer still take out social security taxes?
Yes.
Does the federal government or state government collect social security?
The federal government is responsible for collecting and administering Social Security. State governments do not collect Social Security taxes or administer the program.
