Hi. My wife has a peculiar problem. She is an ordained clergy, and is able to claim housing expenses as non-taxable. We have done this for many years never knowing this might affect her SSA payments. We only tumbled to this issue when her pension fund estimated her SSA benefit $500 a month higher than SSA does. We contacted our accountant, and he said we could refile for 2015 and 16, However, we'd have to pay the tax, which is not insubstantial. We are looking for a calculator that will help us decide if it is worth going back and refiling. Suggestions?
Earnings Subject To Social Security Taxes
I am planning to wait until age 70 to claim my social security benefits. My wife worked outside the home for a time before we started our family, but has not worked for a paycheck in many years. It turns out she's 3 credits short of the 40 required for her own benefit. We're planning to move and offer our current house for rent soon--is it possible to use that business in some way for her to get her 3 remaining credits? Thanks!
I was part of a downsizing exercise with my company in 2016. I received a lump severance and wish to know if this will count towards my minimal substantial earnings for 2017? Taxes were paid on this amount at a rate of 25%. Thank you for your advice.
Yes, if your severance pay was paid in 2017 and Social Security taxes were withheld from your payment(s), that amount will show up as 2017 earnings on your Social Security earnings history.
dear mr lary ,i am residing outside us .i just started to receive my social security benefit and i noticed on my earning statement there is almost the third of my earning years has a zero earning while i have earning and i payed taxes .i send 2 lettersto social security without answear ,can you help .many thanks for your reply
I am wrangling with the IRS about certain prior tax years, and my sisters want me to apply for disability. My social security statement says I "do not have enough credits in the right time period" for any SSDI benefits. I have many questions, but have narrowed them to 3:
Admittedly I have lived on the fringe of society partly out of choice and partly out of necessity and as a result have several 0's in my earning years. I have earned enough to qualify for SS retirement benefits though small. Early in my working career I had several jobs which were under the table, some were voluntary but generally it was a mandatory condition in order to work. A couple of the employers simply cheated and never paid the taxes even though my checks showed the deductions.
I am a licensed minister. The church will pay me a housing allowance as part of my salary to cover housing expenses. Will this amount be considered income when determining my SSDI benefit? I called the SSI office and they were unsure of if/how this would be calculated. Do you have any advice about this?
Hi I have paid in to social security for 15 years then I took a new job overseas my new employer is 100 percent foreign company I file my taxes ect each year as I should but I notice I'm not paying into my social security as my employer does not provide any option to do so. Do I have the option to pay myself and what's the minimum to pay to keep the window open for me to be eligible for social security disability if needed or retirement when I come of age thanks.
My brother did not file his Federal taxes this past year, as he figured he was unemployed the entire year and only made some money from side jobs totaling maybe $4-6,000 for the year. He is 61 years old now and has been unemployed for about 5 years now. However, this is the first year he did not file his taxes. I am wondering, as his dutiful younger brother, if this negligence on his part will effect negatively his ability to claim social security starting at 62 next year. Please advise, thanks.
I am a 63-year-old woman who was a nanny for a family for several months last year.They paid me in cash, which means they did NOT consider me an employee and did not withhold FICA taxes. When I apply for my Social Security benefits (possibly soon), am I correct in deducing that I cannot list this family as people for whom I have worked? (Questions 19-20 on the Application For Retirement Insurance Benefits, Form SSA-1-BK)