Do retirees pay Social Security tax?

Answer When you retire and no longer have earned income, you no longer pay Social Security tax. For example, distributions from IRAs, 401(k)s and other qualified retirement plans are not considered earned... Read More »

Top Q&A For: Do retirees pay Social Security tax

What is the most Social Security will pay retirees?

The maximum Social Security retirement benefit is based on the total maximum benefit an individual could have earned each year starting at age 21. A person retiring in 2010 at age 66 could receive ... Read More »

Do retirees in Montana pay taxes on Social Security retirement benefits?

You'll have to pay Montana state tax on your Social Security retirement benefits, although the taxable portion might be different from the amount that's taxed by the federal government. Use Montana... Read More »

When a person is awarded Social Security Disability Insurance how is it that Social Security can withhold 6 months of pay?

When you are awarded Social Security disability benefits, you do not receive benefits beginning on your onset date. Rather, there is a 5 month "waiting period" before benefits begin.As a practical ... Read More »

Your deceased husband received Social Security Disability can you receive Social Security at age 60 on his record?

Yes, a widow or widower can draw reduced survivors' benefits at age 60, even if the spouse's source of income was SSDI. In order to receive the full amount, you would have to wait until normal reti... Read More »