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PDtax
PDtax, CPA firm owner
Category: Social Security
Satisfied Customers: 4522
Experience:  35 years tax and professional advice in all matters money
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Will paying several thousand social security tax on my 2014

Customer Question

will paying several thousand social security tax on my 2014 income add to my social security income next year?
Submitted: 1 year ago.
Category: Social Security
Expert:  PDtax replied 1 year ago.

Hi from just answer. I'm PDtax, and can assist.

The answer is maybe.

Expert:  PDtax replied 1 year ago.

Your social security wage history dictates if you get a benefit. Social security uses your highest 35 years wages to calculate your benefit. If your 2014 income is one of your highest 35 years, your benefit will be increased as a result. Those increases are processed in January of the following year.

Expert:  PDtax replied 1 year ago.

Thanks for asking at just answer. Positive feedback is appreciated. I'm PDtax.

Customer: replied 1 year ago.
how much am I paying now? is the $18 instead of the $37?
Expert:  PDtax replied 1 year ago.

Hi again. PDtax here.

I don't understand your follow up question.