Search results
Results From The WOW.Com Content Network
Find out how to collect survivor benefits if your spouse dies, and how much you can get based on your age and family situation. Learn about eligibility, application, and tax implications of Social Security survivor benefits.
Full retirement age is the age when you get 100 percent of your Social Security benefits, which depend on your earnings. It varies from 66 to 67, depending on your birth year, and affects your benefit amount if you claim early or late.
Learn how to apply for survivor benefits if your spouse dies before you reach full retirement age, and how much you can receive based on their earnings. Find out the eligibility criteria, the payment amount, and the options to switch or suspend benefits.
Social Security benefits may increase if you keep working after claiming them, depending on your lifetime average income and earnings test. Learn how Social Security recalculates your benefit and when the earnings cap applies.
If you claim Social Security benefits before full retirement age, you may face a reduction in your monthly payments due to the earnings test. Learn how the test works, what income counts, and how to report your earnings to avoid overpayments or repayments.
For example, if you were born in 1958, you reach full retirement age between September 2024 and August 2025. If you put off filing for Social Security until you turn 70, you’ll get 40 months of delayed requirement credits, good for a bump of nearly 27 percent over your full retirement benefit.
Learn how your income affects whether you owe taxes on your Social Security benefits and how much. Find out the federal and state rules, the IRS tool to calculate your taxable benefits, and the options to withhold taxes from your payments.
Yes. Full retirement age (FRA) — the age at which you are eligible to claim 100 percent of the benefit Social Security calculates from your lifetime earnings record — has already increased from 65 years old to 66 and 6 months for those born in 1957, 66 and 8 months for those born in 1958 and will rise incrementally over the next several years to 67.
If you develop filer’s remorse, Social Security gives you 12 months from the date you applied for retirement benefits to change your mind and cancel that initial claim. You’ll have to repay what Social Security has already paid you, but this way you can refile at full retirement age (or later) and get your full benefit ( or more ).
Learn when you will get your first Social Security payment if you claim benefits at full retirement age. Find out how your birthday, the payment schedule and the application processing time affect your payment date.