The deduction is different for self-employed individuals. Self-employed members are asked to pay 15.3% contributions out from their taxable income. The 15.3% contribution covers both Medicare as well as other Social Security Benefits. The 15.3% is required up to first $87,900 of income and a 2.9% is required for earnings above $87,900. If we are to analyze scenario we can plainly see that members who are self-employed tend to pay a much higher contributions compared to those employed members. The reason for this is that self-employed members can deduct half of their federal self-employment taxes from their total income when they are to pay their federal income tax.

For question regarding your contributions, Social Security has a hotline which you may try to contact or you may visit Social Security Offices in your area.

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SOCIAL SECURITY DISABILITY BENEFITS

In order to qualify for social security benefits, members applying must be suffering from a physical or mental impairment that is keeping him or her from doing any important work for at least a year. Another consideration is that disability condition is anticipated to result in death of disabled member.

Disabled members are expected to file their disability claim soonest time possible since disability claims really takes a long time to process. In most cases monthly disability benefit if approved begins on sixth month of disability.

The Social Security Disability Benefits is reduced when members have other government disability benefits. The standard rule for amount of disability payments that a member or his/her family is supposed to receive must not exceed 80% of averaged earning before a member becomes disabled.

The Social Security Benefits is given until member’s condition improves and returns to work. However, if ever member didn’t recover from his or her disability disability benefit continues as well as Medicare benefit.

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