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maimartin
New Member

What benefit do I receive for paying self employment tax after starting to draw down on social security?

 
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ToddL
New Member

What benefit do I receive for paying self employment tax after starting to draw down on social security?

Your social security benefit may increase if you keep working (depends on your previous and future earnings record) but, in  any case,  employment taxes are mandatory for any earned income. 

You have to pay self-employment taxes on self-employment income even if you have already have sufficient credits to qualified for (or are even already receiving) Social Security benefits.

https://faq.ssa.gov/link/portal/34011/34019/article/3739/what-happens-if-i-work-and-get-social-secur...

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ToddL
New Member

What benefit do I receive for paying self employment tax after starting to draw down on social security?

Your social security benefit may increase if you keep working (depends on your previous and future earnings record) but, in  any case,  employment taxes are mandatory for any earned income. 

You have to pay self-employment taxes on self-employment income even if you have already have sufficient credits to qualified for (or are even already receiving) Social Security benefits.

https://faq.ssa.gov/link/portal/34011/34019/article/3739/what-happens-if-i-work-and-get-social-secur...

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