Retirement
The most frequently asked tax questions related to Retirement
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Answer Tax QuestionsSocial Security - Benefits Planner Web site
Asked Thursday, December 28, 2000 by an anonymous user
The IRS Social Security Benefits Planner is located at http://www.socialsecurity.gov/retire2/.
This planner provides detailed information about your Social Security retirement benefits under current law.
If you are Looking for information, you can find your retirement age, Estimate your life expectancy, Estimate Your Retirement Benefits and use our other benefit calculators to test different retirement ages or future earnings amounts, apply for retirement benefits.
If you are close to age 65, you can find out how to apply for just Medicare. You may need to sign up for Medicare close to your 65th birthday, even if you will not be retired by that time.
This planner provides detailed information about your Social Security retirement benefits under current law.
If you are Looking for information, you can find your retirement age, Estimate your life expectancy, Estimate Your Retirement Benefits and use our other benefit calculators to test different retirement ages or future earnings amounts, apply for retirement benefits.
If you are close to age 65, you can find out how to apply for just Medicare. You may need to sign up for Medicare close to your 65th birthday, even if you will not be retired by that time.
Social Security and Medicare Taxes - Deductibility
Asked Wednesday, December 20, 2000 by an anonymous user
In the current year, the Social Security and Medicare taxes that are withheld from your paycheck from your wages are not deductible by you on your tax return.
Is Form 2031 the form an exempted minister uses to re-elect social security coverage ?
Asked Monday, December 18, 2000 by an anonymous user
The Form first used to claim exemption from social security is filed on IRS Form 4361.
The exemption once granted is irrevocable unless requested within a 27 and a half initial period. Exempted Ordained Ministers, Priests, or Rabbi's may revoke the original election and re-elect social security coverage by filing out IRS Form 2031.
Once you revoke the exemption you can never elect exemption from social security coverage again.
The exemption once granted is irrevocable unless requested within a 27 and a half initial period. Exempted Ordained Ministers, Priests, or Rabbi's may revoke the original election and re-elect social security coverage by filing out IRS Form 2031.
Once you revoke the exemption you can never elect exemption from social security coverage again.
Social Security - Ministers Form 4361
Asked Monday, December 18, 2000 by an anonymous user
The Form first used to claim exemption from social security is filed on IRS Form 4361. The exemption once granted is irrevocable unless requested within a 27 and a half initial period.
Exempted Ordained Ministers, Priests, or Rabbi's may revoke the original election and re-elect social security coverage by filing out IRS Form 2031.
Once you revoke the exemption you can never elect exemption from social security coverage again.
Exempted Ordained Ministers, Priests, or Rabbi's may revoke the original election and re-elect social security coverage by filing out IRS Form 2031.
Once you revoke the exemption you can never elect exemption from social security coverage again.
Minister - elects exempt from social security
Asked Monday, December 18, 2000 by an anonymous user
The Form first used to claim exemption from social security is filed on IRS Form 4361. The exemption once granted is irrevocable unless requested within a 27 and a half initial period.
What is the Social Security Administrations phone number ?
Asked Friday, December 01, 2000 by an anonymous user
If your name or social security number on your social security card is incorrect or you need to speak to the Social Security Administration the phone number is 1-800-772-1213.
How do I enroll in Medicare ?
Asked Monday, November 20, 2000 by an anonymous user
Go to the government website at:
http://www.medicare.gov/find-a-plan/questions/enroll-now.aspx
What is Medicaid ?
Asked Monday, November 20, 2000 by an anonymous user
Medicaid is a joint federal and state program that pays for health care services for those with low incomes or very high medical bills relative to that persons income and assets. Medicaid pays for nearly half of all nursing home care.
Social Security Disability - Duration
Asked Monday, November 20, 2000 by an anonymous user
Generally, there is no limit to the duration of Social Security disability benefits.
If you qualify, you will keep collecting Social Security Disability benefits as long as your disability condition prevents you from working.
The Social Security Administration will periodically review your case to see if there has been an improvement in your disabled condition.
If you are once again determined healthy enough to work, your benefits will stop. If you are still receiving benefits when you reach age 65, your disability benefit will be automatically converted to retirement benefits.
If you qualify, you will keep collecting Social Security Disability benefits as long as your disability condition prevents you from working.
The Social Security Administration will periodically review your case to see if there has been an improvement in your disabled condition.
If you are once again determined healthy enough to work, your benefits will stop. If you are still receiving benefits when you reach age 65, your disability benefit will be automatically converted to retirement benefits.