Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

This answer was rated:

I will turn 66 in April and will receive my first social…

I will turn 66...

I will turn 66 in April and will receive my first social security check in April which I was told that was actually March retirement. How much can earn from april to December

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 properly. Please tell me more, so we can help you best.

I just wanted to make sure I can still work the rest of the year without giving back some of my social security

Accountant's Assistant: Is there anything else the Retirement Accountant should be aware of?

No I don't think so

Show More
Show Less
Ask Your Own Tax Question
Answered in 7 minutes by:
3/21/2018
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 5,763
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.
Verified

Welcome to Just Answer. My name is ***** ***** I will be happy to assist you.

Once you reach full retirement age (66), there is no limitation to how much you can earn.

Per Social Security,

"If you will reach full retirement age in 2018, the limit on your earnings for the months before full retirement age is $45,360.

BUT

Starting with the month you reach full retirement age, you can get your benefits with no limit on your earnings.

Please let me know if I can assist you further.

Thank you and best regards,

Barb

Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 5,763
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.
Verified
Barbara and 87 other Tax Specialists are ready to help you
Ask your own question now

Thank you for the positive rating of my answer. It is very much appreciated.

Have a great day!

Ask Your Own Tax Question
Was this answer helpful?
Ask Barbara Your Own Question
Barbara
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 5,763
5,763 Satisfied Customers
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.

Barbara 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:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,451 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

56 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,124 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Related Tax Questions
My US Navy retirement income is about $31,000. The net pay I
My US Navy retirement income is about $31,000. The net pay I recieve is adjusted by premiums for a spousal benefit when I die. Also, I pay health insurance premiums. What is the taxable amount? Gross,… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor\u0027s Degree
2,913 satisfied customers
Are social security retirement benefits subject to Federal
Are social security retirement benefits subject to Federal withholding taxs … read more
Barbara
Barbara
Enrolled Agent
5,763 satisfied customers
My son cashed a retirement savings plan to be used to
My son cashed a retirement savings plan to be used to purchase first home. He received a 1099-R form with a distribution code of 1 in box 7. He was advised that cashing this purpose was exempt from 10… read more
Barbara
Barbara
Enrolled Agent
5,763 satisfied customers
Are there any limits for deducting mileage for volunteerism
Are there any limits for deducting mileage for volunteerism (for example, volunteering for something associated with your employer but for which no compensation was received)… read more
Barbara
Barbara
Enrolled Agent
5,763 satisfied customers
Why are my retirement benefits on my 1099R taxed at 6%? No
Why are my retirement benefits on my 1099R taxed at 6%? … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Are military retirement and FERS retirement exempt from
Are military retirement and FERS retirement exempt from wisconsin state taxes? … read more
Tax.appeal.168
Tax.appeal.168
Principal
13 satisfied customers
I am retired us citizen collecting ss benefits, my incom is
I am retired us citizen collecting ss benefits, my incom is smal and I do not pay any taxis, I have disabled child who is collecting 1/2 disabled ss benefits, I decided to move permanently to Poland, … read more
Barbara
Barbara
Enrolled Agent
5,763 satisfied customers
Is there an income limit for 2017 IRA contributions for
Is there an income limit for 2017 IRA contributions for taxpayers who do not participate in a plan at work?… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
What is the advantage/disadvantage of being limited partner
What is the advantage/disadvantage of being limited partner in a LLC instead of General partner. I know that from the limited partner's distribution there is no 15% self employment tax, yet General pa… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
CPA or Social Security retirement benefits expert only:
CPA or Social Security retirement benefits expert only: Social Security just sent me a notice that I was overpaid for Social Security retirement the year I turned 66. I am aware that they only deduct … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
We have a executive retirement package with death benefits
We have a executive retirement package with death benefits if the executive dies before retirement. Is this treated as life insurance or as a retirement annuity? … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
916 satisfied customers
CONTEXT: I am retired dual citizen (US/ Canada) with only 33
CONTEXT: I am retired dual citizen (US/ Canada) with only 33 quarters of Social Security. I am working as a self-employed consultant on a contract for $1,500 per quarter to complete my 40 quarters req… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
What's the income limit for my dependent? what's the limit
what's the income limit for my dependent? what's the limit before I can't claim him? what's the limit for him to file himself?… read more
Chad EA, CFP ®
Chad EA, CFP ®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
2,043 satisfied customers
I have a retirement benefit of $150000 from my company which
I have a retirement benefit of $150000 from my company which is paid to the payroll after I retire on quarterly payments of $7500 for 5 years … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,124 satisfied customers
A retired person is receiving ss benefits. They sold an
a retired person is receiving ss benefits. They sold an investment property and now wish to place the proceeds into laddered CD's. this will generate interest income. is there a calculator that can fi… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
45 satisfied customers
I applied for retirement benefits around 2 August of this
I applied for retirement benefits around 2 August of this year.. When do I get my first check? … read more
Barbara
Barbara
Enrolled Agent
5,763 satisfied customers
I am retired and my only income is SS retirement benefits.
I am retired and my only income is SS retirement benefits. My wife works and will make about $40,000.00 in 2017. I want to file married filing separate for 2017 - avoiding an any tax on my SS benefits… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,124 satisfied customers
I'm retired, receiving ss retirement benefits. From this
I'm retired, receiving ss retirement benefits. From this year I receive also social security retirement payments from Slovakia, where I lived and worked until 1986. Question: are these payments fro Sl… read more
Barbara
Barbara
Enrolled Agent
5,763 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