You may claim Social Security based on your own work record, if you've earned enough credits, or you may be eligible to claimspousal benefitsbased on your current or ex-spouse's work record if this amount is larger than what you're entitled to on your own. Dependent children and other ...
No matter where you live, you will have to pay federal taxes on your Social Security benefits if you file a federal tax return as an individual and your total income is more than $25,000. If you file a joint return, you will have to pay taxes if you and your spouse have a total ...
Although this is a great benefit, some couples do not consider the loss or reduction of a benefit check on the surviving spouse. If you take your social security benefits early this will permanently impact your survivor benefits. You may want to consider this option if you and your spouse ...
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Comprehensive and meticulously documented facts about Social Security. Learn about Social Security's taxes, benefits, financial status, reform options, and more. For example: • Taxable Maximum • Causes of Fiscal Problems • Old-Age Benefits • “Looting the Trust Fund” • Personal Ownersh...
Get all the Social Security income you're entitled to. A Registered Social Security Analyst can help with Social Security Literacy and Wellness Maximize your Social Security benefits today.
2. Utilize spousal benefits Married couples have a few advantages when it comes to claiming Social Security benefits. That's because you and your spouse can both claim each of your benefits and at different times. So your best bet is to delay taking the higher benefit of the two for as ...
5. Filing for Spousal and Survivor Benefits If you’re married, divorced, or widowed, you may be eligible for spousal or survivor benefits, which can significantly increase your Social Security income. Spousal benefits allow you to receive up to 50% of your spouse’s full retirement benefit, ...
Benefits for the Spouses of Retirees The spouse of a retiree who is already drawing Social Security is eligible to receive aspousal benefit. The payment equals up to one-half of the retired spouse's monthly payment, also known as theirprimary insurance amount(PIA). In order to receive this ...
Social Security disability benefits come from payroll deductions required by theFederal Insurance Contributions Act (FICA). This Act also covers the cost ofSocial Security benefits, such as retirement and survivor benefits.6Some of this funding goes into theDisability Insurance Trust Fundand pays for ...