I started paying my SS taxes at the age of 12 and continued the rest of my life. Now I am starting to get some of MY money back, course I get to pay more taxes on MY already earned money that I didn"t receive, since I have additional income.
On those on SS without additional income over the minimum number, surely there is a stipulation in the package as to being able to receive it when you are not required to file a 1040 under the IRS code. I would surely check it out. Maybe you just file one this year just to qualify even though you will just be going through the motions.
I have already received my notice indicating what you said about having to file this year. Interesting that it came from the IRS. I think I like that.....using taxpayers (including retired taxpayers on SS) as a basis for the handout. Gives it some accountability as to who deserves it...if you get the gist.
Course you know as well as I that it IS income and as such there will be a special line on the 2008 1040 to record it since it isn"t wages.
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Today's Featured Article - Sunday Drives - by Cowboy. Summer was finally upon us here in Northern Maine. We have two types of industry up here, one being "Forestry" (Wood Products) and the other "Farming" (Potatoes). There is no shortage of farm tractors and equipment around here! I have been restoring old Farm Tractors for the past 6 years, and have found it easier and less expensive to hit all the auctions and purchase whole tractors for parts needed. My wife who works at a local school, and only has weekends and summers off, while on t
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