Find your local Social Security office. Not a government website

How much can I earn while receiving Social Security

social_security_cardThe amount you can earn while receiving Social Security depends on your age. Your earnings in (and after) the month you reach full retirement age will not affect your Social Security benefits. However, your benefit is reduced if your earnings exceed certain limits for the months before you reach your full retirement age.

If you are under full retirement age for the entire year:
You can earn $15,120 gross wages or net self-employment a year and not lose any benefits in 2013.
We will deduct $1 in benefits for every $2 earned above $15,120.
In the year you reach full retirement age:

You can earn $40,080 gross wages or net self-employment prior to the month you reach full retirement age and not lose any benefits in 2013.

Social Security Administration will deduct $1 in benefits for every $3 earned above $40,080.
The same earnings limits apply to a spouse or child who works and receives benefits on your record. You should report earnings to us for any months and years prior to full retirement age.

 

6 Responses to How much can I earn while receiving Social Security

  1. According to the Social Security Administration: Under federal law, people who are receiving Social Security benefits who have not reached full retirement age are
    entitled to receive all of their benefits as long as their earnings are under the limits indicated below. For people
    born in 1943 through 1954, the full retirement age is 66. The full retirement age will increase gradually each year
    until it reaches age 67 for people born in 1960 or later.
    2013 2014
    At full retirement age or older No limit on earnings No limit on earnings
    Under full retirement age $15,120
    For every $2 over the limit,
    $1 is withheld from benefits.
    $15,480
    For every $2 over the limit,
    $1 is withheld from benefits.
    In the year you reach full
    retirement age
    $40,080
    For every $3 over the limit, $1 is withheld
    from benefits until the month you reach
    full retirement age.
    $41,400
    For every $3 over the limit, $1 is withheld
    from benefits until the month you reach
    full retirement age.
    Disability beneficiaries’ earnings limits: If you work while receiving disability benefits, you must tell us about
    your earnings no matter how little you earn. You may have unlimited earnings during a trial work period of up to
    nine months (not necessarily in a row) and still receive full benefits. Once you have completed your nine-month
    trial work period, we will determine if you are still entitled to disability benefits. You also may be eligible for
    other work incentives to help you make the transition back to work.
    http://www.socialsecurity.gov/pubs/EN-05-10003.pdf

There's no content to display.

I made a account to get my award letter but it’s not working.

Q) I made a account to get my award letter but it’s not working. A) The benefit verification letter, sometimes called a “benefits letter,” or a “Social Security award letter,” serves as proof of your retirement, disability, Supplemental Security Income (SSI), or Medicare benefits. It also serves as proof that you have applied for benefits… Continue Reading

HI- can I get- a bpqy letter ?

Q) HI- can I get- a bpqy letter ? Thank you A) A Benefits Planning Query (BPQY) provides information about a beneficiary’s disability cash benefits, health insurance, scheduled continuing disability reviews, representative payee, and work history as stored in Social Security Administration’s electronic records. Below are steps you can take to get a copy of… Continue Reading

What are the requirements to retire?

Q) What are the requirements to retire? A) According to the Social Security Administration: Full retirement age is the age at which a person may first become entitled to full or unreduced retirement benefits. If your full retirement age is older than 65 (that is, you were born after 1937), you still will be able… Continue Reading

city offered a 457b deferred compensation..Will my Social Security benefits be subject to any reduction

Q) I just turned 62. I have 23 years employment paying into SS. I have 16 years working for a city police department that did not pay into social security. Instead the city offered a 457b deferred compensation program in which they contributed 4% of my base salary but no additional money for any overtime… Continue Reading

As my mother’s executor, need to change social security address to mine?

Q) As my mother’s executor, I need to receive her SS income statement at my address in order to file her taxes. How do I change her prior address to mine? A) According the the Social Security Administration: If you get Social Security benefits (retirement, survivors, or disability), you can update your contact information in… Continue Reading

How can I get a award notice from Social Security Administration

Q) How can I get a four page award of notice from Social Security Administration A) The benefit verification letter shows your monthly benefit amount. You can get your benefit verification letter online, or request it by telephone. It is often used to: Apply for a loan;Give to a landlord;Obtain housing assistance, or other state or local… Continue Reading

 I need the name on my child’s SS card to be changed. What documentation would I need to bring with me?

Q) I need the name on my child’s SS card to be changed. What documentation would I need to bring with me? we have a NH legal name change letter already. Anything else? A) According to the Social Security Website: To change your name on your card, you must show us documents proving your legal name change… Continue Reading

Need a Benefits letter

Q) Need a Benefits letter A) According to Social Security Administration You can use a my Social Security online account to: Get your benefit verification letter or (BUDGET LETTER); Check your benefit and payment information and your earnings record; Change your address and phone number; and Start or change direct deposit of your benefit payment. If you… Continue Reading

I’m disabled I receive SSA benefits if my children’s dad is also disabled is my child eligible to receive benefits

Q) I’m disabled I receive SSA benefits if my children’s dad is also disabled is my child eligible to receive benefits A) With both you and your child’s dad being disabled it can be very difficult emotionally financially. The Social Security Administration does provides financial disability benefits in cases when a disability disrupts the ability of an… Continue Reading

What paperwork do I need to send to the Social Security office with my W-4V form?

Q) What paperwork do I need to send to the Social Security office with my W-4V form? A) According to the IRS: you may use the W-4V form to ask the payer to withhold federal income tax. Unemployment compensation (including Railroad Unemployment Insurance Act (RUIA) payments), Social security benefits, Social security equivalent Tier 1 railroad retirement benefits,… Continue Reading

My husband and I gained legal guardianship of our grand kids. Father died, mother incarcerated. How do we get their benefits?

Q) My husband and I have gained legal guardianship of our 3 grand kids. Our son died October 24th, 2016 and his children are receiving death benefits through their mother. Their mother is now incarcerated in AZ and says the money will continue to load onto her debit card each month and she will use it… Continue Reading

 I filled out a W-4V form and would like to know if I can mail it to any social security office.

Q) I filled out a W-4V form and would like to know if I can mail it to any social security office. A) According to IRS website (states on form W-4V) For withholding on social security benefits, give or send the completed Form W-4V to your local Social Security Administration office. Source: https://www.irs.gov/pub/irs-pdf/fw4v.pdf Continue Reading

I’ll be 66 on 1/27/19; when do I apply to get my benefits? Is Social Security Benefits taxed?

Q) I’ll be 66 on 1/27/19; when do I apply to get my benefits? Also. if there is no other income involved , is Social Security Benefits taxed? A) According to the Social Security Administration: You must be at least 61 years and 9 months old to apply for retirement benefits. You must be at least 61 years… Continue Reading

What paperwork do I need to bring in to start my social security benefits and widows benefits?

Q) What paperwork do I need to bring in order to discuss when to start my social security benefits and widows benefits? A) The Social Security Administration will need to see certain documents in order to pay benefits and help decide how much your benefits you are entitled to. The documents you’ll need will depend… Continue Reading

how can I get a copy quickly of my social security survivors benefits documents?

Q) how can I get a copy quickly of my social security survivors benefits documents? A) According to the Social Security Administration website – An SSA-1099 is a tax form we mail each year in January to people who receive Social Security benefits. It shows the total amount of benefits you received from Social Security… Continue Reading