• Question
  • will taxes for social security continue to be taken out of my check after I begin drawing my Social security?

    Asked by someone from Elmore, AL on 8/31/2017

    I will reach full retirement age in one week. I am working part time now and plan to continue. I am currently drawing social security benefits. Will social security taxes continue to be with held from my earnings as my benefits will not go up ?

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  • Categories: Taxes, Retirement Planning

Answers

  • Steve 

    Steve 
    NewRetirement

    San Francisco, CA

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  • Income and Social Security taxes continue to apply to earnings even if you are retired, but it depends on how much money you are making.

    You can read more here:

    https://www.newretirement.com/retirement/are_social_security_benefits_taxable/

    https://www.newretirement.com/retirement/taxes-after-retirement-tips/

    https://www.newretirement.com/answers/11762/taxes-and-social-security-after-age-66.aspx

  • Login to rate this answer:   Answered on 9/10/2017
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.