Can you still file and suspend SS benefits?
You can still voluntarily suspend benefit payments at your full retirement age to earn higher benefits for delaying. During a voluntary suspension, other benefits payable on your record, such as benefits to your spouse, are also suspended.
Can I collect spousal benefit and wait until I am 70 to collect my own Social Security?
You can only collect spousal benefits and wait until 70 to claim your retirement benefit if both of the following are true: You were born before Jan. 2, 1954. Your spouse is collecting his or her own Social Security retirement benefit.
How do you pause Social Security?
If you have not yet reached full retirement age, the only option for stopping Social Security payments is to apply for a “withdrawal of benefits,” a more formal process that, unlike a suspension, requires you to repay Social Security the benefits you have received to date.
Can I stop my Social Security and restart later?
If you change your mind about starting your benefits, you can cancel your application for up to 12 months after you became entitled to retirement benefits. This process is called a withdrawal. You can reapply later. You are limited to one withdrawal per lifetime.
Do you have to file a tax return if you are on Social Security?
If Social Security is your sole source of income, then you don’t need to file a tax return. If the only income you receive is your Social Security benefits, then you typically don’t have to file a federal income tax return.
Can I collect my ex-husband’s Social Security if I remarry?
Can I collect Social Security as a divorced spouse if my ex-spouse remarries? Yes. Your status as a partner in that unit stands, whether or not your ex-husband or ex-wife marries again. However, if you remarry and become part of a new marital unit, your eligibility for benefits based on the previous unit ends.
Can you collect Social Security from two husbands?
Yes, you can. Notify the Social Security Administration that you were married more than once and may qualify for benefits on more than one spouse’s earnings record. You can collect between 71.5 percent to 100 percent of the late spouse’s payment, depending on your age when you claim survivor benefits.
How did Social Security end file and suspend?
Social Security ended file and suspend by ruling that if workers at full retirement age suspend their benefits to earn higher benefits in the future, other related benefits such as spousal benefits will also be suspended. In other words, there’s no point in filing and suspending,…
How do I ask Social Security to suspend my benefits?
You can request a suspension by phone, in person at your local Social Security office or in writing. You can ask Social Security to resume payments at any time until you turn 70. If you haven’t done it by then, Social Security will automatically reinstate your benefits in the higher amount.
Is’file and suspend’Social Security benefits still possible?
A related ‘File and Suspend’ strategy known as “Restricted Application” remains possible for certain people. Q. Last fall, Congress rewrote the rules at Social Security to get rid of so-called loopholes that for many years allowed some married couples to improve their retirement benefits.
Can a spouse suspend Social Security benefits while collecting Social Security?
The husband then asks Social Security to suspend his benefits. During the suspension he accrues delayed retirement credits, which could increase his eventual benefit up to 8 percent a year. His wife is doing the same by postponing filing for her own retirement benefits. But all the while she is collecting the spousal benefits.