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lev-tax, Tax Advisor
Category: Social Security
Satisfied Customers: 28081
Experience:  Taxes, Immigration, Labor Relations
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I have been on SS since last year and if I understood my

Customer Question

Hi. I have been on SS since last year and if I understood my lady talking with me I am able to make as much as I want without jeopardizing taxes, etc. I have an opportunity to returning to my old job and was wondering if that is still true on the amount I am able to make. I have never made over $40,000.00 but I did not want to jump into something and be in trouble.
Submitted: 4 months ago.
Category: Social Security
Expert:  lev-tax replied 4 months ago.

You can get Social Security retirement benefits and work at the same time.

Expert:  lev-tax replied 4 months ago.

However, if you are younger than full retirement age and make more than the yearly earnings limit, the SSA will reduce your benefit.

Starting with the month you reach full retirement age,they will not reduce your benefits no matter how much you earn.

We use the following earnings limits to reduce your benefits: If you are under full retirement age for the entire year, we deduct $1 from your benefit payments for every $2 you earn above the annual limit.

For 2016 that limit is $15,720.


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