Earnings Test

What Happens If Social Security Withholds More Of My Benefits Than Necessary?

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thank you so much for answering my question . but i forgot to ask you if social security withhold more than what i owed what do they do with the rest of that money . i collect widow benefits and i will always get them because they were bigger than mine . thank you also also what if what i told them was more or less thanks

Hi,

Will My Payments Resume Automatically?

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my question is .about the limit this year . i have gone back to work and called s s told them that i will be making 24400 they with held 3 months out of my payment . will my payment resume back automatic or do i have to keep on calling them thank you

Hi,

Once Social Security has withheld enough checks to cover the $1 for each $2 that you'll earn in excess of the $16,920 exempt amount, they should resume payment of your benefits automatically.

Best, Jerry

Will The Payment I Received From My Former Employer Cause Me To Lose Benefits?

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I started taking my SSA benefits at 64. I had filed a wrongful termination case against an employer for firing me for a disability. I just went to mediation and they agreed to pay a larger sum of money. Though since I already take social security will I lose my feneits or can I prove to SSA that it was a special payment (form 131) and not lose my ss benefits?

Hi,

Can My Nephew Work And Still Receive Social Security?

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My nephews dad passed away and collects ssc. Hes 16. Is he able wo work small cash job to help finance school materials during summer vacation without having to report it too the state of wisconsin. Working for an asfault company that pays cash too workers.

Hi,

Your nephew can earn up to $16,920 this year without losing any of his Social Security benefits to the Social Security earnings test (https://www.ssa.gov/planners/retire/whileworking2.html).

Best, Jerry

Can You Advise Me?

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Larry, I had to take early Social Security benefir so I could combine with my income to survive. Due to health issues this year high medical expenses, I've had to work over time to pay these expenses. My income will exceed the income limit of $19,500 . My income will be approximately $30,000. I fear punishment from Social Security because of the additional income. I receive a monthly Social Security benefit of $1,278 which I've had to combine with my income to survive. I fear Social Security.

How Does The Earnings Test Apply To Self-Employment Earnings?

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I am 65 and will file for ss 8 months shy of my 66th birthday. I am married with two children under 18 (14, 12). My wife (age 54) has a stay at home business which, with deductions (including her ira) did not make a profit, but will hopefully do so soon. When I visited the SS office they told me that my kids can get benefits, and that my wife can also but her earnings can't exceed 1,400 per month. Here are my questions;

What Is The Best Way To Deal With The Earnings Test?

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My husband died, I am 63 and self-employed using a sole-proprietorship. I am receiving $2000 a month from my husband's social security. I will have an income of over $16920. I am considering having taxes withheld before I receive the money. How will that effect the amount I need to repay for the overage in income? What is the best way to pay the 'overage' back? Should I make payment arrangements at the end of the year or have the expected amount withheld now? Taxes are a giant concern, Yikes! any advise for a self-employed REALTOR?

Hi,

Why Is There An Earnings Test And How Does It Work?

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I have a question and a comment. I will be 63 Dec. 2017. I want to start taking benefits come January 2018 but continue to work ($33,000) per year. I am aware of the reduced benefits and also of the earnings test. My question is when I sign up for my benefits in Jan. 2018, when will SS began to pay my benefit and when will they began to take back benefits due to the earnings test income overage? Will I receive my benefits beginning in Jan - Dec, and then in 2019 will they adjust the overages? I have enjoyed your site and have gained quite a bit of knowledge from it.