Do I need to pay social security on alimony? I am self- employed.?

Answer 1

No, but you do need to pay self-employment tax (15.3% of "net" earnings, which is 92.35% of the total of all schedule C's, schedule C-EZ's, etc.) on your self-employment income. Most of the self-employment tax goes to social security. You also have to pay income tax on both your self-employment income and your alimony.

Your self-employment income is including in your earnings record and is used to calculate your eligibility for social security on your own earnings record. If you were married long enough, then you may qualify for benefits based on your ex-spouse's earnings record.

Answer 2

No social security, just federal and state income tax. Social Security tax is only on earned income.

Here are the general guidelines:

Alimony payments received from your spouse or former spouse are taxable to you in the year you receive them. Because no taxes are withheld from alimony payments, you may need to make estimated tax payments or increase the amount withheld from your paycheck.

Alimony payments you make under a divorce or separation instrument are deductible if certain requirements are met. Any payments not required by such a decree or agreement do not qualify as deductible alimony payments.

Child support is never deductible. If your divorce decree or other written instrument or agreement calls for alimony and child support, and you pay less than the total required, the payments apply first to child support. Any remaining amount is then considered alimony.
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Answer 3

No, you will not have to pay social security on alimony. Even if you weren't self employed, you still would not have to pay it.

Answer 4

No, you don't. You do have to claim it on your tax return though, and pay income tax on it, but not social security.

Answer 5

It's not EARNED income, so no. You only pay FICA on earned income.

Yes, it's taxable from an income tax point of view.

Answer 6

no