In most cases, as long as you are paying your taxes, you have SSDI coverage according to the Social Security Administration. It may, however, not be simple to collect.
Working for yourself has several advantages, but it can be tricky to ensure your benefits when you don’t have the protection of an employer. As a self-employed individual, you might be concerned about whether or not you’ll be able to collect benefits under Social Security Disability after a major injury or illness. Luckily, as long as you pay your taxes, you most likely have SSDI coverage.
According to the Social Security Administration, nearly everyone who pays into Social Security taxes qualifies for Social Security benefits. Although most self-employed workers pay into their taxes a bit differently, they are still able to utilize the insurance benefits they pay into. In order to determine your eligibility for Social Security Disability benefits, make sure you know how your taxes, your income, and your work hours could affect your situation.
As a self-employed worker, you can pay your Social Security taxes any number of ways. Most people pay through each paycheck, but if you’re self-employed, you have the option of paying your Social Security taxes on a quarterly or annual basis when you file your taxes. Technically, this tax is a part of the semf-employment tax you pay when you file. This payment also goes towards Medicare.
Before you can collect your disability benefits, you need to see if you qualify. Like any other type of employee, your eligibility for Social Security Disability depends on how many work credits you’ve earned. Work credits are determined slightly differently for self-employed individuals, but the basics are the same. You earn work credits by working a certain number of hours or earning a minimum income. Workers, self-employed or otherwise, can only earn up to 4 credits each year, regardless of their income.
Depending on your age and your work history, you may only require a few credits in order to receive disability benefits. However, for the majority of workers applying for disability, the requirement is set at 40 work credits.
Are you in need of Social Security Disability benefits? Whether or not you are self-employed, applying for disability benefits can be complicated. The SSA denies claims every day, which is why it’s so important to fill out your application accurately and comprehensively. If you think you have a disability claim, don’t go through this difficult process alone. Our experienced Social Security attorneys can help you fill out your application for benefits, or we can help you file an appeal if you were wrongfully denied. Whatever your situation, our firm can help.
Contact Goodman Acker P.C. to learn more about your benefits as a self-employed worker.
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