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annelew12554
annelew12554, Social Security
Category: Social Security
Satisfied Customers: 2439
Experience:  I have extensive knowledge of the rules of Social Seeurity
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If I am getting social security at the age of 62 how much

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If I am getting social security at the age of 62 how much can I earn if I am self employed. Do I figure the profit amount or the gross amount earned.
JA: The Retirement Accountant will know how to help. Please tell me more, so we can help you best.
Customer: If I am getting social security at the age of 62 how much can I earn if I am self employed. Do I figure the profit amount or the gross amount earned.
JA: Is there anything else the Retirement Accountant should be aware of?
Customer: no

Hi

I'm Anne & I've been preparing taxes for 28 years. I'm reviewing your question now, and will post back with your reply momentarily.

Hi

If your NET self employment earnings exceed $16,920 (for tax year 2017), SSA will deduct $1 for every $2 you are over that limit. Please see page 3 of below:

https://www.ssa.gov/pubs/EN-05-10069.pdf

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Customer: replied 6 months ago.
If my gross earnings are 23,410 and my profit is 12,970 will be okay

yes, because your net is under the limit

I see that you read my answer, but you have not yet rated positive

Do you have additional questions? Is there anything else I can help you with?

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Customer: replied 5 months ago.
Thanks for all your help. It was the info I needed. You were very helpful.