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
emc011075, Tax Adviser
Category: Social Security
Satisfied Customers: 2841
Experience:  Tax adviser IRS licensed Enrolled Agent and tax instructor
62958156
Type Your Social Security Question Here...
emc011075 is online now
A new question is answered every 9 seconds

L was 66 in April of 2016 received first ss check in May of

Customer Question

l was 66 in April of 2016 received first ss check in May of 2016 i am still working, is there a limit on How much I can earn in 2016
JA: The Retirement Accountant will know how to help. Please tell me more, so we can help you best.
Customer: i am going to earn over $63,000 from my current employmrnt
JA: Is there anything else important you think the Retirement Accountant should know?
Customer: I am going to earn over $63,000 from my current employment this year
Submitted: 5 months ago.
Category: Social Security
Expert:  emc011075 replied 5 months ago.

Hi. My name is ***** ***** I will be happy to help you.

Once you reach your full retirement age you can have unlimited earnings and keep your full benefits. Only early benefits (before full retirement age) are reduced by earnings.

But with 63K income up to 85% of your benefits could be included in your taxable income, depending on your deductions and filing status.

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?