What you pay into your SS policy has no bearing on any other federal program. Some people do not have a SS policy and others have revoked their former SS policies. Having a SS policy is entirely up to each individual, as it is completely voluntary.
The Tax Credit only applies to your Federal Income Taxes, again assuming that a person pays Income Taxes. you may be able to claim part of the $6600 for 2015 and the rest in 2016.
We have not used any of the Tax Credit ourselves. Instead we used the expense as a tax write-off, which can be spread out over multiple years.
The Tax Credit only applies to your Federal Income Taxes, again assuming that a person pays Income Taxes. you may be able to claim part of the $6600 for 2015 and the rest in 2016.
We have not used any of the Tax Credit ourselves. Instead we used the expense as a tax write-off, which can be spread out over multiple years.
Comment