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The earliest you can claim Social Security is age 62, but your monthly benefit is reduced based on how far you are from your FRA. If you're within 36 months, benefits are reduced by 5/9 of 1% monthly.
Before June 25, 2011, a valid SSN could not have an area number in the range 734–749, or above 772, the highest area number the Social Security Administration had allocated. Since June 25, 2011, the SSA has assigned SSNs randomly and allowed the assignment of area numbers 734–749 and 773–899. [ 38 ]
Year of Birth. Full Retirement Age. 1943 – 1954. 66. 1955. 66 and 2 mos. 1956. 66 and 4 mos. 1957. 66 and 6 mos. 1958. 66 and 8 mos. 1959. 66 and 10 mos. 1960 or later
Birth Year. Full Retirement Age. 1937 or earlier. 65. 1938. 65 and 2 months. 1939. 65 and 4 months. 1940. 65 and 6 months. 1941. 65 and 8 months. 1942. 65 and 10 months
In 2020, the Social Security Wage Base was $137,700 and in 2021 was $142,800; the Social Security tax rate was 6.20% paid by the employee and 6.20% paid by the employer. [1] [2] A person with $10,000 of gross income had $620.00 withheld as Social Security tax from his check and the employer sent an additional $620.00. A person with $130,000 of ...
All filers and all children being claimed must have a valid social security number. This includes social security cards printed with "Valid for work only with INS authorization" or "Valid for work only with DHS authorization." [17] Single, Head of Household, Qualifying Widow(er), and Married Filing Jointly are all equally valid filing statuses ...
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One chart tells you all you need to know about Social Security’s troubles.