Social Security Taxes: Why They Matter

The importance of paying social security taxes for the following reasons:

  • Earning credits towards disability, survivors’ insurance, retirement, and Medicare.
  • Different benefits that are available for employees and self-employed
  • Benefits can include coverage for medical expenses and in hospital or rehabilitation.
  • Disability benefits can give unmarried children some benefits
  • Survivor benefits for married couples.

Why pay your social security taxes?

 It is important to pay your social security taxes in order for you to earn your social security credits. These social security credits can help you and your family qualify for the various benefits provided by the social security like disability and survivors’ insurance coverage.

Benefits for both employees and self-employed individuals:

These benefits will cover you whether you are working for an employer or whether you are self-employed. Aside from the disability and survivor benefits, there are also the retirement benefits as well as the Medicare protection that covers not only you but also your whole family.

Medicare protection for medical expenses and hospital confinement: The Medicare protection is especially helpful during times when you or your family is in need of an operation or hospital confinement. Moreover, the Medicare protection is available up to your age 65.

Disability Benefits Coverage:

In cases wherein you become disabled, the social security has disability benefits that will cover your expenses for up to one year or may be longer depending on the severity of your condition. Through social security you are given worry-free time to recuperate.

Disability Qualification Criteria:

However, you will be considered disabled if and only if you cannot do the work you are doing before because of your medical condition. The disability must also last for at least a year or to result in death. The disability benefit is usually paid on the sixth full month of your disability, this is done by the social security to ensure that you really are disabled and do not have the capabilities to work anymore.

Benefits for Unmarried Children:

After which, your disability benefit will be sent to you for twenty-four consecutive months and aside from that you will also be allowed to make use of your Medicare benefits that is if ever you are confined in the hospital again. Moreover, for parents who are disabled their unmarried children are also entitled to get benefits too. The monthly checks are payable to either your biological or adopted children or dependent stepchildren or grandchildren who are under age eighteen, become disabled before the age of twenty-two and remain disabled or at ages eighteen to nineteen and attending elementary or secondary school full time.

Disability and Survivor Benefits for Married Couples

On the other hand, if you are married and your husband is age 62 or older, he may also qualify to receive your disability benefits if ever you become disabled. Moreover, aside from that, he may qualify at any age if he is found out to care for your child who is under age sixteen and is disabled.

Monthly Survivor Benefits

However, in cases wherein you died, both the widower and the dependent children may receive monthly survivor benefits. If there are no dependent children, the widower must be either age sixty or older or may be between the ages fifty and sixty as well as disabled to qualify for the benefits of the deceased partner.

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In Conclusion

Paying social security taxes is a good idea because it earns you credits for disability, survivors’ insurance, retirement, and Medicare protection. This is available for both W-2 employees and the self-employed. Disability benefits cover expenses for up to one year or longer, and unmarried children may also be able to get benefits. If you are married, your spouse may qualify for your disability benefits, and in the case of your death, widowers and dependent children could receive survivor benefits.

About the Author is a referral service whereas you can provide your name and phone number to be referred to a social security lawyer in their network. Although Legal Help USA has never done direct business with website, they initially contributed to our site as early as 2005. This site is still live and active in 2023 which speaks volumes.  Their most recent post about social security was posted Feb 9th, 2023, at:

How can I determine if my Social Security benefits are taxable?

By calculating your “combined income”. This would be your adjusted gross income + nontaxable interest + 50% of your Social Security benefits.  If your combined income is over the current limit, then a portion of your Social Security benefits may be subject to federal income tax.

Are there any exemptions to paying Social Security taxes?

There are some exemptions, such as for certain types of government employees or workers who have a religious exemption.

What is the maximum amount of Social Security benefits that can be taxed?

Up to 85% of your benefits. The exact amount to be taxed depends on your income level and filing status.

Social Security Tax Benefits help you Earn credits for disability, survivors’ insurance, retirement, and Medicare protection. Learn more now.