Social Security Explained

The 2015 Edition of Social Security Explained provides a succinct, comprehensive, and detailed explanation of the federal old-age, survivor's and disability insurance programs under the Social Security Act.

Social Security Explained, 2015 Edition covers:

• Who is covered by the Social Security system
• Liability for Social Security tax
• How a worker acquires "insured status" required for benefit eligibility
• The conditions of entitlement by a worker, self-employed person, and spousal and child beneficiaries to the various kinds of Social Security benefits
• The taxation of benefits
,
• Strategies for increasing benefits and managing attendant tax consequences

In addition to thorough analysis of the applicable laws, regulations and administrative rulings, Social Security Explained, 2015 Edition includes:

• The latest earnings base for the Social Security tax and Medicare portion of the tax, as well as the annual earnings or retirement test amount
• Discussion of the Additional Medicare Tax that went into effect in 2013
• The formula for the calculation of the maximum total amounts a family can receive in 2015 and prior years
• Analysis of the application of Social Security law to same-sex spouses
• And much more!