Deferred SS taxes

[HebeGB]

I am retired and collecting Social Security. If I work part time, and receive a 1099-NES, do I need to pay into Social Security myself? I got a notice that said I've got a W2-C saying I deferred SS taxes. I did not do this, and my payers didn't take out ANY taxes on the1099-NEX.

[Vanessa A · Accepted solution]

Yes, if you are working as an independent contractor and receiving a 1099NEC for the work you are doing, then you will need to file a return and pay self-employment taxes even if you are already receiving Social Security. 

[HebeGB]

Will my SS check ever go up because of the extra money I'm putting in? And does it  stop at some point if I keep working?

Lastly, since I won't be getting aW2-c, since I didn't get a W2, how do I go about paying this?

[MarilynG1 · Accepted solution]

Unfortunately, your Social Security benefits won't go up because of the extra contributions you are making by working.  However, it won't stop because you keep working.

Social Security is non-taxable, depending on what other income you have. For a single taxpayer, once your other income exceeds 25K, your Social Security will start to become taxable. 

Click this link for more info on Social Security and Taxes. 

If you are reporting your 1099-NEC as Self Employment Income, be sure to claim your expenses for this work.  

Click this link for more info on Reporting Business Income and Expenses.