Monies taken out pay while collecting social security

by Hugh Howell

Why do I have to pay social security tax from my pay and working at 75?

Will I ever get an increase from this money?

Comments for Monies taken out pay while collecting social security

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Social Security after Full Retirement Age
by: Wendy, Retirement Enthusiast/Coach

First, you are already "full retirement age", so you can collect full Social Security and full wages too.

Second, As long as you continue to work, even if you are receiving benefits, you will continue to pay Social Security taxes on your earnings.

However, Social Security will check your record every year to see whether the additional earnings you had will increase your monthly benefit. If there is an increase, they will send you a letter telling you the new benefit amount.

If you are not getting the "you got a raise!" letters, you could call SS and ask questions.

1-800-772-1213 (TTY 1-800-325-0778), 8:00 am – 7:00 pm, Monday through Friday

Read more here on the Social Security site:
https://faq.ssa.gov/en-US/Topic/article/KA-01921

Here is a brochure you can download (click the down arrow, top right):
https://www.ssa.gov/pubs/EN-05-10069.pdf

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