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Social Security Benefits are Taxable
At the federal level, Social Security benefits are indeed taxable. With the 1983 Amendments, individuals earning more than $25,000 annually and couples filing jointly with more than $32,000 in annual income are subject to having at least 50 percent of their Social Security benefits. Read article here…
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I was told 18months,after I received Disability (SSI), SSA,contacts me by phone,and tells me,since I didn’t take my SSBenifits,when I turned 62,that I would be penalized, Saying I made too much Disability $money,?
SSA,knew when &How much I made when I received Disability, but didn’t tell me I had too take my SSB,when I turned 62.(I was receiving $733.00,a month,and Just started receiving my SSBenifits, in May,($220.00),
Now they are taking my Disability down to $533.00 a month, plus I will only be receiving $20.00 from my SSBenifits, Because they say I owe for Medicare, Which I haven’t gotten, yet,and I am wondering, Even though SSA,knew when I was receiving my Disability $,and How much back then,WHY DIDN’T They Say Something Back Then.Now I’m Paying the Price$$$$$$???????
We as People, that can’t afford, Computers, and sometimes No phones, Need Someone that knows what is going on in this matter,needs,to prepare We the Less Fortunate.
PJ,
Something really doesn’t sound right, because SSA doesn’t call to tell people to take their benefits. Were you on SSDI (Social Security Disability), or SSI (Supplemental Security Income)? Taking your Social Security benefit would increase your adjusted gross income and thus could reduce your SSI benefit. But if you were on SSDI you should have been able to stay on that until your full retirement age (I assume about 66) before applying for Social Security benefits. We would like to discuss this further with you. The email address in your post doesn’t work, so can you please call us at 1.888.750.2622 to speak to one of our Certified Social Security Advisors so we can better understand your situation and discuss your options.
Thank you,
Russell Gloor
Certified Social Security Advisor
The AMAC Foundation