Am I Paying Social Security Taxes By Reporting My 1099 Income On Form 1040?
I am a 1099 filer using form 1040. Am I paying into social security using this for or is there another form for paying into SS.
I am a 1099 filer using form 1040. Am I paying into social security using this for or is there another form for paying into SS.
Hi Larry.
Can you tell me from which line on Tax form 1040 Schedule SE the Substantial Earnings are recorded by SSA?Thanks, Steve
Hi Steve. On the current form Schedule SE, the amount recorded by Social Security is the smaller of line 6 or line 9, rounded up to the next dollar.
Best, Jerry
Hello Larry,
I have been dancing between the IRS and the Social Security Administration going on two years now with no answers. Maybe you can shed some light on things for me...things I have zero knowledge of.
I start ss at full retirement but I continue to work I pay for Medicare thru my ss benefit.on my pay stub I pay Medicare and SS taxes.is this correct.
Thanks
Hi. Yes. Even after you start drawing Social Security retirement benefits and/or start Medicare coverage, you must continue to pay Social Security and Medicare taxes on any covered earnings that you produce.
Best, Jerry
My mother was recently notified that she doesn’t have enough work credits to get full retirement. How can she update the records and obtain her full benefits even though she doesn’t have checks stubs or the W2’?
Hi. The only way to get missing earnings added to your Social Security earnings record is by submitting acceptable evidence to Social Security. The evidence must show the amount of earnings and the amount of Social Security taxes withheld or paid on those earnings.
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.
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."
Hi Larry
Im 58 this year and plan to take a postponed retirement next March 1 for 18 months. I’ll retire from the USPS with 22 years at age 60. If I delay my Social Security until FRA at 67 can I pay social security taxes on my disbursements from my TSP?Thank you,
Susan
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
My social security changed this year from survivors benefit to my own at 62 I have worked parry time and received a 1099 for 10000 dollars do I pay taxes on social security and my 1099 Mr social security last year was 11000.
Results will differ based on your specific case and filing strategy.