Social Security

Ask social security questions and get answers ASAP

Ask an Expert,
Get an Answer ASAP!

I recently received word that my ss benefit has been reduced…

Customer Question
I recently received word...

I recently received word that my ss benefit has been reduced by 140.00 per month. I am 73 years of age and have worked full time with increases in ss (after tax) of 975.00 per month. The letter from ss indicated my added revenue from my wife's accessing her retirement account in 2016 tax filing brought about the change in my ss benefit by reducing both our benefits going forward. The amount she withdrew was 40-45 thousand in 2016. I will be getting 835.00 effective January 2018. What gives?.

Accountant's Assistant: These retirement benefits are supposed to help us but they can be so complicated! The Retirement Expert will help you get the most benefits propertly. Is there anything else important you think the Retirement Accountant should know?

Hello; Should I wait for a response? Will you get back to me ?

Submitted: 7 months ago.Category: Social Security
Show More
Show Less
Ask Your Own Social Security Question
Answered in 2 minutes by:
12/19/2017
Social Security Expert: emc011075, Tax Adviser replied 7 months ago
emc011075
emc011075, Tax Adviser
Category: Social Security
Satisfied Customers: 3,867
Experience: Tax adviser IRS licensed Enrolled Agent and tax instructor
Verified

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

At 73 your benefits are not affected by earnings, you asset or distributions from your retirement plan. It is probably the Medicare premium deduction that is reducing your benefits. What was your total income in 2016?

Ask Your Own Social Security Question
Customer reply replied 7 months ago
About 125,000
Social Security Expert: emc011075, Tax Adviser replied 7 months ago

If you had 125K as filing separate your premium would be $268. But if you had 125K jointly, it should not affect your premiums. In the letter what do you have for Medicare premiums?

Ask Your Own Social Security Question
Customer reply replied 7 months ago
Can I contact you at another time when I am fully prepared? Say Tuesday after 4pm
Social Security Expert: emc011075, Tax Adviser replied 7 months ago

Certainly. I am at work during the day by I will be available after 7pm.

Ask Your Own Social Security Question
Customer reply replied 7 months ago
How can I contact you at 7PM?
Social Security Expert: emc011075, Tax Adviser replied 7 months ago

You come to this website and we can continue chatting.

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

3,283 satisfied customers

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

< Previous | Next >

Related Social Security Questions
Just wondering when my limit income begins? My first check
Hi. Just wondering when my limit income begins? My first check was october of 2017. So, my limit of $1,600.00 starts at that date or January 2018? … read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor\u0027s Degree
1 satisfied customers
I recently applied for ss benefits but was told i cant
I recently applied for ss benefits but was told i cant recieve them yet because of my income. Does that apply for the whole year? … read more
emc011075
emc011075
Tax Adviser
3,867 satisfied customers
My wife and I have had our benifits reduced this year
Hi My wife and I have had our benifits reduced this year because the Irs reported that we had income of 185 000.00 thousand dollars. We sold a house that we have owned since 1986 but selling price was… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I just had a friend call me and said her SS will be cut
I just had a friend call me and said her SS will be cut effective 01/03/2018. She does not know why. My question is has my SS been cut for any reason … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I cannot log into my account but need to know my estimated
i cannot log into my account but need to know my estimated benefits for 2018..right now i make about $1048 a month … read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,419 satisfied customers
My wife is planning on applying for ss benefits in January
My wife is planning on applying for ss benefits in January 2018..she was born Nov 3rd 1952. We went to ss office for her to sign up for Medicare and the social security agent ther told her she could e… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I will be 66 in July, 2018. Thus January 2018 will be the
I will be 66 in July, 2018. Thus January 2018 will be the year of my full retirement age (born in 1952). I am thinking about taking my SS starting in January. My benefit- at age 65, 0 months is $2389 … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Recently enrolled in Medicare effective 8/1/17; 7/12/17
Recently enrolled in Medicare B effective 8/1/17; 7/12/17 letter stated monthly premium was $134.00 beginning August 2017. Received letter (dated 7/15/17) re monthly Medicare Part B premium that inclu… read more
Stephanie O Joy, Esq
Stephanie O Joy, Esq
Soc. Sec. Attorney
Doctoral Degree
3,283 satisfied customers
I had signed up with SSA in Oct 2016 to have benefits start
I had signed up with SSA in Oct 2016 to have benefits start immediately, including receiving 6 months retroactive amount. The following day I called and requested my benefits to start in Jan 2017, whi… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Dear staff, My birthday is may 7 1950. I apply for social
Dear staff, My birthday is ***** 7 1950. I apply for social security in Oct 2016 I receive my first check in nov 9 once { 6 months } i notice I did not get a 4 percent increase { 2/3 of 1 percent afte… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
My wife has not worked the last 3 years and is 64. She
my wife has not worked the last 3 years and is 64. She anticipates a large bonus the nest 2 years, say $40,000. how will this help her payout?… read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 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
Doctoral Degree
3,283 satisfied customers
My husband and I are in our 70s and s mom is 100+. We just
My husband and I are in our 70s and his mom is 100+. We just received letters from SS indicating that our income for 2014 was so high that for 2016 SS is reducing our SS by a total of almost $11,000 a… read more
Stephanie O Joy, Esq
Stephanie O Joy, Esq
Soc. Sec. Attorney
Doctoral Degree
3,283 satisfied customers
Receiving disability SS yrs. Age 62. Just started receiving
Receiving disability SS for 20 yrs. Age 62. Just started receiving reduced spousal benefits. Husband is 73 and still working. Would it be better to file (I understand it is a one time only filing) and… read more
Stephanie O Joy, Esq
Stephanie O Joy, Esq
Soc. Sec. Attorney
Doctoral Degree
3,283 satisfied customers
I am 63 turning 64 years old in Feb 2016. According to SS
I am 63 turning 64 years old in Feb 2016. According to SS have worked more than enough years to retire. Projections indicate each additional year I work my monthly benefit incrases by 15 % or so. My p… read more
LawTalk
LawTalk
Attorney
Juris Doctor
3,071 satisfied customers
I am now 78 years old drawing $1186.90 per month SS. My wife
I am now 78 years old drawing $1186.90 per month SS. My wife is 73 years old drawing 665.90 per month SS. What will my will my wife's entitlements be upon my death?… read more
dylatess
dylatess
ATTORNEY
3,473 satisfied customers
My name isXXXXX 71, I was notified via letter from
My name isXXXXX 71, I was notified via letter from Social Security few months ago,that I was eligible for spousal benefits. Met w/ SS Rep. Was told it would be retroactive back to Jan. 2007. After wai… read more
LawGuy
LawGuy
Juris Doctor
123 satisfied customers
65 yrs old and will qualify for full SS retirement at 66
I'm 65 yrs old and will qualify for full SS retirement at 66 yrs the end of Feb 2012. I've been holding off on collecting SS because of the income limitation B4 66. I own my own business and times hav… 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