Posts tagged social security
2017 Hidden Tax Hike

The increase in the earnings limit for social security represents the largest one-year increase in history.  The maximum social security tax is jumping from $7,346 in 2016 to $7,886 in 2017 for employees.  There is a larger increase for the self-employed as their social security taxes will be increased from $14,694 to $15,773 in 2017.  

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Divorce and Survivors' Social Security Benefits

The Social Security system provides income to families of workers who die.  In fact, most children are eligible for benefits if a working parent dies.  Social Security provides a benefit similar to life insurance.  As you work and pay Social Security taxes, you earn credits toward your Social Security benefits.

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Divorce and Social Security Benefits

Almost half of all marriages end in divorce.  This article discusses the rules on divorce and social security with the goal of helping you maximize your benefits.  Before filing for social security, you should get the facts on your marriage(s) durations and divorce dates.  

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