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"Hi" I need a copy of all my benefits from my jobs I have worked at. How do I get that information?
Please check this resource to obtain your Social Security Statement :
My husband would like to retire at age 62 but continue to work part-time. What is the amount he is allowed to make before he would have to pay back a portion to SS?
I only made 18,000 this yr but I paid out 1100 in Social Security how do I find out if they are taking to much out on my and why..
The the FICA (Social Security / Medicare) tax rate, is 7.65 percent for employees and 15.30 percent for self-employed people. The rates are broken out as follows:
* 6.2% (Social Security portion) on earnings up to the maximum taxable amount ($106,800 in 2009)
* 1.45% (Medicare portion) on all earnings.
So your tax of $1,100 / $18,000 = 6.1 percent sounds about right for the Social Security tax.
However, you may essentially be eligible to get some of your FICA taxes "rebated" to you thru the Earned Income Credit. See here for details :
Who do I contact to have additional money taken out of my Social security check per month for extra Income Tax deduction?
God Bless You
Please use IRS form W4-V for this.
When you complete the form, you will need to select the percentage of your monthly benefit amount you want withheld. You can have 7%, 10%, 15% or 25% of your monthly benefit withheld for taxes.
Sign the form and return it to your local Social Security office by mail or in person.
God bless you too ;-)
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