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Earnings Subject To Social Security Taxes

How Can My Wife Earn Social Security Credits?

I am a naturalized senior citizen self-employed as a consultant with a registered sole proprietorship. I pay self-employment social security taxes that earn me quarterly credits. How can my wife who is also qualified in my field and helping in my work become eligible to earn social security credits? We file under MFJ, but I have not paid her separately for services. Thank you.

Thursday, April 7, 2022 - 20:05

Shouldn't My Award For Lost Earnings Be Posted On My SSA Earnings Record?

I received an award for lost earnings due to an injury that permanently disabled me.
The lost earnings portion of my award were offset by the SS and Fed and State Taxes.

I have petitioned the SSA to include my lost earnings award on my SSA earnings record.
They recently sent me a letter and denied my request, stating "no actual earnings were paid to you"
and they claim that "no taxes were ever paid to any government entity."

Friday, March 18, 2022 - 20:30

Who Is Responsible For Reporting My 2021 Earnings To Social Security?

still working full time wanting to know who is responsible for reporting my 2021 earnings to the social security. thanks david

Hi David. If you work for wages, then your employer is responsible for reporting your Social Security covered earnings to Social Security. However, if you're self-employed or an independent contractor, then you are responsible for reporting your earnings on Schedule SE of your tax return. The IRS then forwards that information to Social Security.

Best, Jerry

Friday, February 18, 2022 - 13:18

Will My 1099 Income Be Used Just Like W-2 Earnings?

Will my 1099 income for 2021 be used just like W_2 Earning for social security.

Hi. No. Social Security taxes are not withheld from income reported on a 1099 form. Income reported on a 1099 form is only considered as earnings for purposes of Social Security benefit calculations and the Social Security earnings test if the income represents self-employment earnings. If it does, then the countable amount of the self-employment income is the net earnings from self-employment (NESE) that's reported on Schedule SE of the person's tax return.

Saturday, January 8, 2022 - 12:15

Is There Any Way To Get My Former Employer To Pay FICA Taxes On My Vacation And Severance Pay?

I currently use you Maximize software and it has helped me make my original decision to file at FRA and also 20 months later to suspend until age 70, since I am now receiving a pension from TRS and the WEP will reduce what I would receive from SSA.
In Aug 2021 I was part of the RIF at Dallas College (DC) in Texas.
DC does not participate into Social Security and pays into the TRS of Texas.
At separation I received Vacation pay and 6 months of severance pay which is being paid monthly until Feb 2022.

Friday, December 31, 2021 - 07:57

Shouldn't Income Earned From Stocks And Dividends Be Taxed?

I've been divorced for over 20 years and recently started getting half my exes SS benefits. My question is, besides your salary earnings, if you earn money on your stocks, dividends or other ways, isn't that considered earnings as well and therefore should be taxed or am I missing something? Problem is I've never been mathematically inclined and I also have a strong feeling that my ex kind of, lied or left out some info on his taxes and his returns.
It gets more complicated but I'm going to assume you get the idea.

Tuesday, December 28, 2021 - 07:43

Are The Social Security Taxes I've Paid Since I Started Collecting Benefits Returned To Me At Some Point?

I started collecting SS at age 62. I'm still working part time and making under $19000 a year. I'm currently 65 years old and need to know if the Social Security taxes that's being deducted from my paycheck will be forfeited or will I get those deductions back at a certain age?

Monday, December 13, 2021 - 17:47
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