Excess Social Security and Self-Employment Income

Excess Social Security and Self-Employment Income

In 2009 I had two jobs that resulted in excess social security being withheld. I understand how to get a refund for this excess.

BUT in October I started my own consulting business and am required to pay self-employment tax of 13.3 percent on my income.

Isn't a portion of this (say 6.2%) also excess social security tax? Shouldn't I be able to also ger the refund for that?

The forms don't provide for this and I have searched instructions which don't address it.



Thanks!

Excess Social Security Tax Withheld

When I filed last year I did not know that too much Social Security Tax had been withheld. Is it too late to get that back?

Income Taxes on Social Security Benefits

Income Taxes on Social Security

I am currently at retirement age Dec 7, 2018. Next year, but I am going to start getting my social security check next Feb 2018. I am also going to continue to work at my now job also until I complete retirement end of next year.

I will be drawing $1,282.00 monthly, and last year I made at my job $36,617.73 and should not make much more than that this year.
So I was needing to know how much income taxes I need to have taken out of my social security check each month to cover income taxes on it?

Social Security

by Mary
(GA)

I am working at a university as a part time lecturer. I started working there at age 63 which made me ineligible for the college savings/retirement program. In the last year and a half I have earned $22,420 that is not paid into social security. I understand that the college is not obligated to pay Social security but is there a way to have this amount and future pay credited to my social security?

Social Security A

My mother is 70 years old and lives alone. She receives a SS check every month. The check is a SSA check. Even though she gets this check i still have to help her out every month with things that arent covered. I wanted to know could I claim her on my income taxes?

Social Security and Income Tax

by Linda
(Ohio)

If my only income for the year 2010 was social security payments, do i have to claim that on my tax form ? my total amount received was less than ten thousand dollars.

Social Security at Age 62

I just started drawing social security at age 62 in Dec. of 2011. I do not have other income other than my monthly pension from GE. My wife still works at GE.

She makes around $41000 a year. My pension is around $22000 a year. Is there any way to keep from paying tax on my social security at the end of the year? If not how will it be taxed?

Social Security Back Pay

by Herbert Yost
(Tazewell, VA USA)

I was granted Social Security Disability in 2010. Do I have to show the income from the backpay on my 1040 or is it nontaxable?

Social Security Benifits

My brother recieves a social security check every month. He made $745.00 at his job this last year. do i file his taxes for him or do I claim him on my taxes?

Social Security Disability

I'm currently receiving social security disability. I also receive money from a long term disability policy from my ex employer. They indicate that the money I received was from wages, even though I don't work. Will I get in trouble with Social Security if I file taxes, and report earned income

Social Security Disability Income

My husband has been permanently disabled since 2005 and receives Social Security Disability. Is this money eligible to be deducted from our income before taxes are assessed as disability income? He turned 65 in 2009.

Social Security Diasability Backpay

by Kevin D.
(Oakland County, MI)

I was awarded a large sum of money for Social Security Disability backpay and I must hand over this money to my long term disability provider. Who is responsible for the taxes on this money?

Social Security Income

by Kay
(Alabama)

Is my social security income taxable? I also sold some land that was included as homestead property that our house was adjoined to. The house and a few acres was forclosed on but the other land was not included in the mortgage. Do I file taxes on this and my Social Security ? We are over 65.

Social Security Income Tax

Social Security Income Tax

Are these Social Security payments taxed as income by New York State?

Social Security Income Tax Reporting

by Ralph Tanioka
(Buena Park, California, USA)

Social Security Income Tax Reporting

I am 69 yrs old, still working and collecting social security. When I report my social security benefit amount, do I have to report the medical insurance amount that is automatically deducted?

Social Security Plus Additional Income?

I am 67, on Social Security, how much can I earn before I have to pay income tax on it?

Social Security Tax

As an employer, we withheld $5.85 too much social security from an employee due to a miscalc on group term life insurance--does a w-2c need to be issued, or can credit be taken on their tax return for this overpayment? The employee does not hit the SS limit--wages are 70,000.

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