Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 12-07-2011, 09:25 PM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,397
Blog Entries: 3
What are the requirements to become eligible for Retirement Benefits in 2011?

In order to become eligible for retirement benefits, workers must meet minimum age and minimum work requirements. The Worker must attain the minimum age of 62. The earliest month of eligibility is the first full month of being age 62.

In order to qualify for the minimum work requirement, a worker must have accumulated 40 quarters of tax payments. For 2011, a quarter of credit is earned for each $1,120 of FICA income, to a maximum of four credits for the year (or minimum earnings of $4,480).

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
What are the amounts required to qualify for social security benefits in 2011? TaxGuru Social Security 0 01-12-2011 10:14 PM
When does an individual become eligible for retirement benefits? TaxGuru Social Security 0 12-22-2010 11:08 AM
What are the new proposed 1099 Reporting Requirements in 2011? TaxGuru Miscellaneous 0 12-22-2010 11:02 AM
What are the requirements for shareholders to be eligible for Section 1244 Stock treatment? TaxGuru C-Corporation 0 10-04-2010 11:34 AM
Which taxpayers are eligible for the Retirement Savings Tax Credit? TaxGuru IRA/Sep 0 08-21-2009 02:17 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning