How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask emc011075 Your Own Question
emc011075, Tax Adviser
Category: Social Security
Satisfied Customers: 2187
Experience:  Tax adviser IRS licensed Enrolled Agent and tax instructor
Type Your Social Security Question Here...
emc011075 is online now
A new question is answered every 9 seconds

Both my wife & I started collecting SS benefits at the first

Customer Question

Both my wife & I started collecting SS benefits at the first of 2016. Does this exclude us from HR1314 (ridiculous questions, I know) 'file & suspend' possibilities?
Submitted: 5 months ago.
Category: Social Security
Expert:  emc011075 replied 5 months ago.
Hi. My name is ***** ***** I will be happy to help you. File and suspend means you file for your benefits and immediately suspend them (choose not to collect them until 70). If you already started collecting your benefits, you would have to return all of them. Your spouse could apply for restricted application, meaning she could choose to collect lower spousal benefits (50% of yours) and at 70 switch to her own that will be about 8% than her current benefits.Because you were both 62+ at the end of 2015, the new changes will not affect your benefits. Your benefit options are considered grandfathered.
Expert:  emc011075 replied 5 months ago.
I see you read my respond. Do you have any questions? Is there anything else I can help you with today?And if this answered your question, please take a moment to rate my response so that I may receive credit for assisting you today. You find the rating bar on the top of the page – 5 stars. However, if you need clarification, or want to discuss this issue further, let me know. Thank you.

Related Social Security Questions