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My aunt had 23,114 dollars of retirement and 16,368 dollars of social security income.Her social security. Is taxable.How much would she have to pay in social security,dollar-wise?
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∙ 6y ago
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If you income is your social security benefits do you have to file an income tax form?
yes, you will not pay any taxes.
Do you have to pay state taxes on social security benefits?
I know that social security is income and recipients receive a 1099 for tax purposes. So that income is combined with your other income sources and is factored into your taxable income.
Do you get OASDI money back in your tax returns?
No, Social Security taxes are separate from income tax. There is no refund.
Do you have to pay taxes on your SS and your state retirement?
Yes, I have to pay federal taxes on my NC state retirement but not state income tax. Not all of my social security is taxable, depending on my adjusted income. The amount of social security that is subject to taxation is on a sliding scale. A more complete answer can be found at: http://www.fool.com/taxes/2002/taxes020315.htm
What are examples of payroll taxes?
Social Security Taxes, FICA, and medicare are payroll taxes.
What percentage of income do employees pay in social security and Medicare taxes?
Social security: 6.2%
Does an employee who is currently receiving social security income and is also employed have to pay social security taxes on his new income?
Yes
Do you pay Social Security taxes on a settlement check?
No. FICA taxes (Social Security, Medicare, etc) are only paid on earned income.
What kind of form do you feel out for taxes if you want to withhold federal taxes out of your ssi?
Social Security Supplemental Income (SSI) is not taxable; therefore, there is no method for withholding income taxes from it. To have Federal income taxes withheld from Social Security Benefits: http://www.ssa.gov/taxwithhold.html
Does income taxes imply social security and medicare as well?
Not normally
Is Social Security included when assessing income to file taxes?
Yes
Can you deduct withheld social security and medicare taxes from your Adjusted Gross Income?
No.
Each year the government establishes an income cap for .?
Social Security Taxes
If you income is your social security benefits do you have to file an income tax form?
yes, you will not pay any taxes.
Do you have to pay state taxes on social security benefits?
I know that social security is income and recipients receive a 1099 for tax purposes. So that income is combined with your other income sources and is factored into your taxable income.
Are Social Security Taxes on employees or employers?
Both. Employers and employees contribute an equal percentage of the employee's income to Social Security.
Does North Carolina tax Social Security income?
No. North Carolina is not one of the fourteen states that taxes Social Security benefits.
