When do you no longer pay Social Security?

Answer 1

When you stop earning income subject to the Social Security tax.

There is no age limit on SS tax. You pay SS tax even if you are collecting SS if you are earning income subject to the tax.

Answer 2

NEVER not as long as you are still breathing and receiving any of the types of qualified earned income from an employer or being a self employed taxpayer and receiving income that you have worked for provided your services to earn.

Answer 3

You stop making FICA contributions (Social Security, Medicare, etc.) when you are no longer earning wages, or if you are being paid by an entity not required to withhold these taxes from your paycheck (non-profit agencies, certain state and local government bodies, etc.), unless they do so voluntarily. Most people, including those already drawing benefits, pay into Social Security as long as they continue working, regardless of age.

Answer 4

The taxes on Social Security benefits are tied to your total taxable income, not your age. Anytime you receive benefits, you may be required to pay taxes on 0%, 50% or 85% of the benefit amount based on your filing status.

If you are single, you can draw social security without paying taxes if your income is $25,000 or less. For a couple that is married and filing jointly, the untaxed amount is $34,000 per year.

If you are working and earning wages, you will continue to contribute to FICA regardless of your age or income.

Answer 5

Not to long in the past, financial analyists believed that the social security fund would last until the year 2037. Unfortunatly, due to recent changes in government spending on health care reform, this money is expected to run out by 2017.