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Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 17080
Experience:  10 years experience
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I turned 65 in Feb,received my Medicare part A card and I still

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I turned 65 in Feb,received my Medicare part A card and I still work for a large bank with a health plan coverage...but they still take out Medicare taxes from my paycheck...is this correct?

Wallstreet Esq. :

Hello I am a licensed attorney here to help you with your question, please review my response and do not hesitate to ask for clarification.

Wallstreet Esq. :

This is a common issues,

Wallstreet Esq. :

issue


Wallstreet Esq. :

Under current law, as long as you have earned income, even after retirement, you continue to contribute to Social Security and Medicare with FICA taxes at the same rate as before you retired.


Wallstreet Esq. :

You cannot get away from these taxes even if you are using medicare and social security.

Customer:

Do i get extra medicare benifits?

Wallstreet Esq. :

Not medicare, however your social security benefits can be increased,

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