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How do I find my benefits using the Social Security calculator?
Wiki User
∙ 10y ago
The best way is to ask for a projection of what it is and will be from SS, which they provide happily for free.
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Once you find out how many SS credits you have, go to the Related Link below on how to estimate your retirement benefits.
Wiki User
∙ 13y ago
Wiki User
∙ 13y agoGo to the IRS gov website and use the search box for IRS Publication 915, Social Security and Equivalent Railroad Retirement Benefits. Publication 915 is available on the IRS Web site. Use the search box to choose the 1040 instructions.
Page 28 of the 1040 instructions book has the Social Security Benefits Worksheet for Lines 20a and 20b of the 1040 tax form.
If you received income from other sources, your benefits will not be taxed unless your modified adjusted gross income is more than the base amount for your filing status.
- For a single taxpayer the base amount (cap) is $25,000.
Your taxable benefits and modified adjusted gross income are figured on a worksheet in the Form 1040A or Form 1040 Instruction booklet.
You can do the following quick computation to determine whether some of your benefits may be taxable:
- First, add one-half of the total Social Security benefits you received to all your other income, including any tax exempt interest and other exclusions from income.
- Then, compare this total to the base amount for your filing status, if the total is more than your base amount, then some of your benefits may be taxable. From 50% to 85% of your SSB can become taxable income on your 1040 income tax return and would be added to all of your other gross income and taxed at your marginal tax rate.
Wiki User
∙ 12y agoTo start and see if you can find the information that you want you may have to contact your local SSA office. You can also go to the SSA.gov website and use the search box for Your earnings record
secure.ssa.gov/apps6z/isss/main.html
ONLINE
Monday through Friday - All Day (except 2:00 AM - 3:00 AM)
Saturday 5:00 AM - 11:00 PM
Sunday 8:00 AM - 10:00 PM
Holidays 5:00 AM - 11:00 PM
The Social Security Statement is a valuable document that estimates your future Social Security benefits and tells you how to qualify for those benefits.
This service allows you to transmit your request for a Social Security Statement using an online form. However, we do not send your Statement information back on the internet. Instead, you will receive a response to your request by U.S. mail in 2-4 weeks.
Wiki User
∙ 11y agoYou should check out the government website; http://www.irs.gov to find social security calculators. You should also be receiving a yearly statement saying how much you should get from social security.
Wiki User
∙ 10y agoI will be retiring soon, and I would like to know what my benefits will be from Social Security. Where online can I go to use the Social Security calculator?
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Is there a chart of wages and how much Social Security you will draw?
No. Social Security benefits are calculated based on your 35 best income-earning years, and are unique to the individual. You can estimate your retirement benefits using one of Social Security's online calculators, or request that they mail you a statement with your projected benefits. For more information, see Sources and Related Links, below.
Working and drawing social security benefits?
First of all the earliest age you can draw your benefits is 62 years old. To apply to draw social security benefits you can do it on the internet using a form provided on the social security association website.
How do you find where someone is employed using their social security number?
You do not. Use of the Social Security number is the exclusive venue of the Social Security Administration as established by the Social Security Act.
When would you see the raise in social security benefits?
At this time August 6 2010 no one would know when or what year that a COLA raise will added to the the social security benefit amounts that are currently being received in the year 2010. You could try using your own guess or crystal ball for this purpose.
What year did the United States start using social security numbers?
According to Social Security online Social security numbers were first issued in November 1936. For more history on social security go to: http://www.ssa.gov/history/hfaq.html
What is the different between social security insurance and social security disability?
Social Security Disability Insurance (SSDI) is financed with Social Security taxes paid by workers, employers, and self-employed persons. To be eligible for a Social Security benefit, the worker must earn sufficient credits based on taxable work to be "insured" for Social Security purposes. Disability benefits are payable to blind or disabled workers, widow(er)s, or adults disabled since childhood, who are otherwise eligible. The amount of the monthly disability benefit is based on the Social Security earnings record of the insured worker. Supplemental Security Income (SSI) is a program financed through general revenues. SSI disability benefits are payable to adults or children who are disabled or blind, have limited income and resources, meet the living arrangement requirements, and are otherwise eligible. The monthly payment varies up to the maximum federal benefit rate, which may be supplemented by the State or decreased by countable income and resources. See Understanding Supplemental Security Income for an explanation of SSI benefit payment rates
What are the benefits of using the Commonwealth home loan calculator?
Benefits of using the Commonwealth home loan calculator include finding home loan rates and payment methods that fit into your needs and generating key fact sheets right from the website. You can use this calculator online at the Commonbank Australian website.
What is the disability of using social security?
Social security disability is one of the programs that pays disability benefits. The other is Supplementary Security Income. Disability is paid to those who cannot work due to a medical reason that will last for at least a year. The downside to recieving diasability is limited income and inability to pursue a career.
What is the opportunity cost for social security?
The opportunity cost of social security refers to the potential benefits or opportunities that could have been obtained by using the funds allocated to social security for other purposes. This can include investments in infrastructure, education, or other social programs that could potentially have a greater impact on economic growth or individual welfare.
What are the benefits of using a mortgage calculator?
the benefit of using a mortgage calculator is that it will give you a clear indication of your monthly mortgage payments when you are purchasing a new home.
Does unemployment income affect social security payments?
No, it will not affect your Social Security because unemployment has to do with loss of job benefits and the other was taxes deducted from your pay check for use in your retirement. You can even collect Social Security while you are working, if you wanted. However, collecting Social Security may affect your unemployment compensation (at least in Illinois, Louisiana, Utah, and Virginia). These states have an "offset law" whereby using a formula they reduce your unemployment by some amount adjusted because of the SS.
What are the benefits of using a SAN?
Increases security by reducing the number of " hands in the pot"
