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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.
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Unfortunately, the only time you can pay into social security is while you are working.
There is no such thing as a lump sum buy in ... it's only for the period in which you work.
Thank you. If the person was indeed working, but never paid in, can they pay retroactively? (Or is that the same thing as a lump sum "buy in" as you say it above)
You would have to refile tax returns retroactively for the years that the people were working, yet not paying in
There would be penalties that would have to be paid as well, so I wouldn't recommend it
I understand. I think she did file tax returns but didn't have much income...is there a minimum income that would allow a person to pay into SS? Or can you do it at any level of income?
If you are paying wages, it's any level of income.
If you are self employed, you get credit through paying self employment taxes
thank you this is very helpful
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