I like to open a new question relating to my previous question that relates to Social Security Benefits
The previous question regarding ATM tax Form 1040
line 21 “Other Income
in how it could affect this person’s Social Security Benefits; since she is between the age of 62 and 66 in which they could reduce or eliminate her Benefits if there is any earned income
, Wage, S/E tax. etc. I ‘m almost 100% certain that Social Security code/poms is clear that this income
reported on line 21 is not Earned Income and therefore will not affect her Social Security Benefits. Note: The award on line 21 has nothing do to with wages, Earned Income etc. There is always the exception or something in left field that maybe I do not see and I would like to be 110% correct???
The Social Security Web states
What income is counted: The Social Security Administration
only counts earnings from work, such as wages, salary or self-employment
income to determine if your benefits will be reduced. Earning is defined by: Wage you make from your job or your net earnings if you’re self-employed. This includes bonuses, commissions and vacation pay.
Not included as earnings: Pension
, Annuities, investment income, Interest
, Capital Gain
Veterans or other government
or military retirement
Can you take about 5 or 10 minutes by going to this Social Security Benefit (Code/Poms) Link below which is about 2 pages long, and see if there is anything that I might be missing?