Social Security

Ask social security questions and get answers ASAP

Ask an Expert,
Get an Answer ASAP!

I received a 10 year bonus voucher of $7500.00 in January of…

Customer Question
I received a 10 year...
I received a 10 year bonus voucher of $7500.00 in January of 2016. I have a year to claim this. It can only be used for a vacation, house repair or to pay down a car loan. It will be paid directly from the company I worked for. I started my retirement at age 64 in February of 2016 and can only make $1310 a month without SS taking back one dollar for every two I make above that. On the SS website this seems to be a situation where I can use this at ant time and not have it count against me for that month, as it is income previously earned before retirement and received later. I do not know if this is correct.
Submitted: 2 years ago.Category: Social Security
Show More
Show Less
Ask Your Own Social Security Question
Answered in 9 minutes by:
2/24/2016
Social Security Expert: Stephanie O Joy, Esq, Soc. Sec. Attorney replied 2 years ago
Stephanie O Joy, Esq
Stephanie O Joy, Esq, Soc. Sec. Attorney
Category: Social Security
Satisfied Customers: 13,637
Experience: 22+ years legal exp. - 12+ years owning/operating her own SSD Law practice.
Verified

Does your company actually consider it a Bonus?

And are you collecting your social security retirement benefit now, early, at the permanently reduced rate?

Ask Your Own Social Security Question
Customer reply replied 2 years ago
On my voucher they have called it an award. I sent an e-mail to ask if it is a Bonus. I collect my first check for this February next month and now work part-time for them.
Social Security Expert: Stephanie O Joy, Esq, Soc. Sec. Attorney replied 2 years ago

Is it being taxed for SS purposes, do you know?

Ask Your Own Social Security Question
Customer reply replied 2 years ago
I do not know that yet. I am trying to find out. If it is considered to be granted to me in January I believe I am ok. I will let you know when I find out, if that is alright with you.
Social Security Expert: Stephanie O Joy, Esq, Soc. Sec. Attorney replied 2 years ago

Sure.

Ask Your Own Social Security Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a social security expertLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask dylatess Your Own Question
dylatess
dylatess
dylatess, ATTORNEY
Category: Social Security
Satisfied Customers: 3,473
3,473 Satisfied Customers
Experience: 37 plus years of SSD practice

dylatess is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

dylatess

dylatess

ATTORNEY

3,473 satisfied customers

37 plus years of SSD practice

Megan C

Megan C

Certified Public Accountant (CPA)

4,582 satisfied customers

Licensed CPA, CMA, CFE, CGMA M.Accy Also Teach Accounting courses at Master's Level

LawTalk

LawTalk

Attorney

3,071 satisfied customers

I have 30 years of legal and litigation experience, including representing clients before the U.S. Social Security Administration.

R. Klein, EA

R. Klein, EA

Accountant

334 satisfied customers

Tax & Social Security Benefits specialist

Dimitry K., Esq.

Dimitry K., Esq.

Attorney

233 satisfied customers

Licensed in multiple jurisdictions, experienced business attorney.

AttorneyTom

AttorneyTom

Attorney

16 satisfied customers

Attorney

Stephanie O Joy, Esq

Stephanie O Joy, Esq

Soc. Sec. Attorney

13,637 satisfied customers

22+ years legal exp. - 12+ years owning/operating her own SSD Law practice.

< Previous | Next >

Related Social Security Questions
When I retired in November 30,2016 I received a retirement
when I retired in November 30,2016 I received a retirement incentive bonus of 1/2 year salary. this was paid to me in January 2017. … read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
I am collecting soc sec retirement as of 2-23-17 soc sec
i am collecting soc sec retirement as of 2-23-17 soc sec said they over payed me according to my 2017 earnings record. Reported was 33,755 but 12,000 was vacation pay i earned during 2016. They claim … read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
I started receiving benefits in Sept. 2016 @ age 64. I began
I started receiving benefits in Sept. 2016 @ age 64. I began working part time and did not make over 1,310.00 a month AFTER receiving benefirs. Now they say I made too much last year. Don't they figur… read more
Stephanie O Joy, Esq
Stephanie O Joy, Esq
Soc. Sec. Attorney
13,637 satisfied customers
I will be 64 this year so I can take of my wifeand her 91
I will be 64 this year so I can take of my wifeand her 91 year old mother. WhenI retire and start to draw I will only be able to make 1310 per month. I receive 1340 each month retirement from the Air … read more
Christopher B, Esq.
Christopher B, Esq.
Attorney
Juris Doctor
2,217 satisfied customers
I am taking early retirement in January. i am receiving a
I am taking early retirement in January. i am receiving a check for 1302 of which 1/2 is for sick time .this check is DATED jANUARY 6TH. I HAVE vacation scheduled from 2016 also in January My company … read more
Stephanie O Joy, Esq
Stephanie O Joy, Esq
Soc. Sec. Attorney
13,637 satisfied customers
I began receiving SS benefits in Nov. 2016. My first check
I began receiving SS benefits in Nov. 2016. My first check will be on Dec 28. I am 62 and subject to the earnings limit of $1310/month. It is my understanding that earned income is counted when earned… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
I turned 62 in Jan.2016. I would like to start receiving my
I turned 62 in Jan.2016. I would like to start receiving my S.S. benefits. My question is: this year I have already made over the $15720. limit. Does the limitation start when I sign up or is it count… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
I just turned 62 I will be receiving a social security check
I just turned 62 I will be receiving a social security check in July. Is the money I have earned so far counted toward the $15720 or just the funds I earn after receiving my 1st check… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I am being forced to retire at 64 due to cutbacks. I will
I am being forced to retire at 64 due to cutbacks. I will have to take SS benefits to make ends meet but have an opportunity to go back for the company part time. My question is about how reductions i… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I will retire from employment on 6/30/16. I have applied to
I will retire from employment on 6/30/16. I have applied to social security to receive benefits commencing in July 2016. Will my social security benefits benefits be penalized for the wages earned thr… read more
Christopher B, Esq.
Christopher B, Esq.
Attorney
Juris Doctor
2,217 satisfied customers
I turned 62 on Sept. 22, 2015. I am not collection SS at
I turned 62 on Sept. 22, 2015. I am not collection SS at this time. I plan on retiring on February 15, 2016. I will make around $7,500 this month and around another $6,000 in February ( up until the 1… read more
Dr Arthur Rubin
Dr Arthur Rubin
Doctoral Degree
24 satisfied customers
I have received retirement social security past 4 years. On
I have received retirement social security for the past 4 years. On February 10th I will turn 65. I received a letter from SSI advising that my January check will be paid in February and my check will… read more
Stephanie O Joy, Esq
Stephanie O Joy, Esq
Soc. Sec. Attorney
13,637 satisfied customers
I applied and received Social Security at age 62. I turned
I applied and received Social Security at age 62. I turned 64 this year and expect to make $60,000 in W-2 income before 12/31/2015. I received SS payments for 3 months this year before I told SS to st… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
4,582 satisfied customers
If retiring and planning to collect soc sec benefits at age
If retiring and planning to collect soc sec benefits at age of 62, what date does soc sec consider the year in which you retire? Would this be the last date of employment by your employer or the first… read more
LawTalk
LawTalk
Attorney
Juris Doctor
3,071 satisfied customers
SSA needed a copy of my ex-spouse's drivers license to verify
SSA needed a copy of my ex-spouse's drivers license to verify DOB. There were complications with his being born out of country and lack of access to other documents. He delayed compliance a year and a… read more
Shawn P. Adamo
Shawn P. Adamo
CEO
Bachelor's Degree
18 satisfied customers
My husband and I are on Social Security. He is going to inherit
My husband and I are on Social Security. He is going to inherit $3,300 from his mother's estate. How can we use this inheritance without losing our SSI and SSA benefits?… read more
Stephanie O Joy, Esq
Stephanie O Joy, Esq
Soc. Sec. Attorney
13,637 satisfied customers
i received my first SS check in January 2011- I have continued
i received my first SS check in January 2011- I have continued to work p/t for the same company - therefore all my sick and vacation time for 2010 was brought over into my income for 2011- I have been… read more
Richard - Bizlaw
Richard - Bizlaw
Juris Doctor
3,773 satisfied customers
Brian P. Kelly is requested...he provided me great advise that
Brian P. Kelly is requested...he provided me great advise that enabled me to open my older Excel spreadsheets, of which by some unknown updating phenomena, locked me out. This is a Social Security que… read more
TaxTom
TaxTom
Accountant
Bachelor's Degree
14 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x