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In simple terms, Social Security spousal benefits exist to provide retirement income for couples for whom one spouse was the primary earner. So the first qualification is an easy one: At least one ...
Eligibility for Social Security in retirement isn't a given. To collect benefits during your senior years, you generally have to work and help fund the program by paying Social Security taxes.
Spousal benefits are reduced by 25/36 of 1% each month before your full retirement age, up to 36 months. Each month after that further reduces spousal benefits by 5/12 of 1% monthly. For example ...
Here are some key rules to follow. 1. If you're married, you can't file until your spouse claims Social Security. If you're someone who's divorced, you don't need to wait for your ex to claim ...
There is a Social Security government pension offset [62] that will reduce or eliminate any spousal (or ex-spouse) or widow(er)'s benefits if the spouse or widow(er) is also receiving a government (federal, state, or local) pension from work that did not require paying Social Security taxes. The basic rule is that Social Security benefits will ...
During the debate Sen. Feinstein noted that DOMA denies same-sex couples more than 1,100 federal rights and benefits that are provided to all other members of that class, legally married couples, including rights to Social Security spousal benefits, protection from estate taxes when a spouse passes away, and the ability to file taxes jointly ...
The average spouse of a retired worker collects just over $900 per month, according to data from the Social Security Administration from August 2024, so it pays to take advantage of this type of ...
For example, in social security and Medicare, two-earner couples pay taxes that create a surplus or at least pay for their own benefits (and receive reduced benefits such as reduced survivor benefits), while one-earner couples pay insufficient taxes that create a deficit and receive an extra, unfunded benefit of 50% or more in Social Security ...