Orlando social security lawyer for dummies
How do these credits work, and how is it possible for me to not have enough when I have worked for years and paid taxes the whole time? A: Credits that go towards qualifying you for benefits from Social Security are earned by working and paying your Social Security taxes. The number of credits you receive is based on both income and the number of years worked. With each year that passes, the amount of money you need to make in order to earn social security credits rises; in 2008, it is one credit for $1,050 of earnings. These credits are also called quarters, as you can earn a maximum of four of them a year; any social security "quarters" that you earn during your working career will remain on your record even during times of unemployment. In order to qualify for social security benefits, you need to reach a certain number of credits.