Ask a Social Security Question, Get an Answer ASAP!
I realize you have a question about social security. My goal is to provide you with excellent service, and help you better understand your options.
You can have 2 quarters of credit in a year - you don't need a full 4 years for the quarters to count
To see how credits are counted you can view this resource: http://www.ssa.gov/oact/cola/QC.html
It tells you how much you must work in a quarter for it to be covered, by year
To find out your work history with social security, you can go to the office and make a request for your work history and they will give it to you
Do you have any further questions about this matter?
i HAVE ALREADY VIEWED THE RECOMMENDED WEB SITE. Can YOU GIVE ME A SIMPLE ANSWER EITHER YES THEY ARE COUNTED OR NO THEY ARE NOT COUNTED. what PART OF THAT SITE SPECIFICALLY SUPPORTS YOUR ANSWER. iS THEFRE ANY WAY TO FIND WORK HISTORY ON LINE?
You cannot, unfortunately, get your work history online listed by employer - but you can go to www.ssa.gov/myaccount and see how much you earned each year
Yes, your quarters are counted
The entire site page that I gave you references that.
i WAS IN PUBLIC INDUSTRY FOR MANY YEARS. THEN i BECAME A TEACHER. iF TEACHERS HAVE 30 YEARS OF PAYING SOCIAL SECURITY THEY ARE EXEMPT FROM THE GOVT REDUCING THEIR SOCIAL SECURITY. BUT WHEN i GO THERE THEY REFUSE TO COUNT THE INDIVIDUAL QUARTERS.
It's 30 years of "substantial earnings" so you would have to earn more than a specified amount in a year - it doesn't go by quarters
WHAT SHOULD i DO
Let me get you the chart that lists substantial earnings
Then you can go online to www.ssa.gov/myaccount and get a reading of your earnings history
count the years where your earnings were greater than the amount in the substantial amount table
if you had 30 or more, you're not subject to WEP
There's the chart
THIS IS WHY i AM ASKING IF THE THE QUARTERS IN A 2 YEAR PERIOD CAN BE ADDED AND COUNTED AS 1 YEAR IF THE SUM OF THE 2 IS GREATER THAN THE SUBSTANTIAL AMOUNT FOR THE LATEST YEAR
No, unfortunately you could not count that
But, if you were trying to get 40 quarters of coverage to even get benefits you could count partial years
i HAVE COVERAGE. bUT i WAS ALWAYS TAUGHT THAT 1/4+2/4 1/4=1
The WEP calculation does not go by quarters - it goes by years of substantial earnings
So, if you had 120 quarters, but less than 30 years of substantial earnings you would still be subject to WEP
GOT IT, DONT LIKE IT BUT OH WELL
I'm truly sorry if this is not in your favor.
HOW DO i GET the chart that lists substantial earnings?
aND HOW DO i FIND THE CHART THAT SHOWS HOW MUCH INCOME TAX i HAVE TO PAY BASED ON MY EARNINGS FOR 2012?
You would need a tax calculator for that. There's not a chart that shows your income tax based on your income. It's a complex calculation
Here's a tax calculator: https://turbotax.intuit.com/tax-tools/calculators/taxcaster/
iN THE NEXT FEW YEARS IF i ACQUIRE THE 30 YEARSTHAT SATISFIES THE WEP, WILL MY HUSBAND, WHO ALSO WAS A TEACHER, BE ELIGIBLE TO ANY OF MY SOCIAL SECURITY UPON MY DEATH? IF ANY WHAT PERCENTAGE
Your husband would be eligible for 100% of your benefit --- however, he would have to have the 30 years of substantial earnings to claim it. Otherwise, your benefit is reduced by 2/3 of his pension from being a teacher
He has to have the substantial earnings, not you to claim survivor benefits
Is there anything else I can assist you with today?
SO IF MY HUSBAND ONLY HAS 10 YEARS OF SUBSTANTIAL EARNINGS AND i PASS AWAY WOULD HE BE ELIGBLE FOR 2/3 OF WHAT EVER i WAS RECEIVING?
No, it's likely he would not get anything, as 2/3 of his pension is greater than your benefit
i DON'T THINK i WAS CLEAR IN ASKING ABOUT THE INCOME TAX CHART IT GOES SOMETHING LIKE THIS
Oh you mean tax brackets
there ya go - 2012 tax brackets
iT HAS BEEN A PLEASURE WORKING WITH YOU MAY i REQUEST YOU IN THE FUTURE?
Yes! I would love it if you would. simply come here and put "to MyVirtualCPA" in the subject of your question
And before you leave, please take a moment to rate my response as "excellent' so that I may receive credit for assisting you today
OKAY SO IT AUTOMATICALLY FINDS WHO HELPED ME LAST?
This may be easier: Just go to this address: http://www.justanswer.com/finance/expert-myvirtualcpa/
and enter your question below my picture
i AM ALL DONE ASKING YOU QUESTIONS BUT i AM GOING TO LEAVE THE WINDOW OPEN SO THAT i CAN COPY THE WEB SITES. hAVE A GREAT WEEK.
You too. Please rate the response as "excellent" so that I may receive credit for assisting you today. YOu should still be able to copy the websites after doing so.
Have a great night!