Is there a maximum yearly benefit for Social Security?

Answer The maximum yearly benefit for Social Security adjusts each year to account for inflation. Your benefit depends on the age that you retire and how much you have earned over your lifetime. For 2010,... Read More »

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Is there a maximum social security benefit?

There is a maximum Social Security benefit. Your average earnings for years worked after the age of 21 determines how much you receive. A person who retires at age 62 in 2010 would receive roughly ... Read More »

What is the maximum Social Security disability benefit?

The amount of money a disabled individual receives depends on that person's age and earnings record. However, the maximum amount of disability benefit you could collect from Social Security per mon... Read More »

What is a Social Security death benefit?

Social Security is a federal program that takes money out of your paycheck in the form of taxes every month. When you retire, those taxes are paid back to you in increments to provide you with prim... Read More »

Is a Social Security survivor's benefit taxable income?

This is not a simple "yes" or "no" question. Benefits to minor children are usually not taxed, unless the child exceeds the income levels set by the IRS. Adult benefits usually are not taxed if Soc... Read More »