Ask a Social Security Question, Get an Answer ASAP!
I realize you have a question about social security. My goal is to provide you with excellent service, and help you better understand your options.
How are you today?
Rental income is not deemed "earned income" and therefore will NOT impact your social security benefits at all.
what is the limit a retiree can earn without affecting their ss benefits
You can earn an unlimited amount of rental income.
Are you at least full retirement age, or are you under full retirement age?
what about wages income
Are you full retirement age?
At least 66?
THen you can earn an unlimited amount
The earnings limit only apply to those who take their benefits early
I was told 25,000 a year?
No, you can earn an unlimited amount and not have a reduction in your benefits
You can read about this, HERE
When I do my taxes how I show this rent
When you do your taxes, you will show this on schedule E.
You can deduct any expenses related to the rental of that unit.
eventhough I do schedule E still does not affect my benefits
That is correct, rental income does not impact social security retirement benefits
Is there anything else I can assist you with today?
Please take take a moment to rate my response as "excellent" so that I may receive credit for assisting you today