What is included in the annual earning limit of $22,320 in 2024?
Full question: What is included in the annual earning limit of $22,320 in 2024? W-2 payments? What about income from land rent? Sale of a business? Pensions payments? Hi there, The earnings test threshold limits only include earned income, which is W-2 payments and net self-employed income. Other income you mentioned is not earned. Take…
Read MoreI am a caregiver to my disabled granddaughter. Does that count as earned income?
Full question: I just turned 65 and my husband passed away seven months ago at age 66. He was collecting Social Security Disability Insurance, SSDI. The Social Security Administration withheld the first two months of my benefits because I made too much money. My only income is from being caregiver to my granddaughter who is…
Read MoreWill my earnings from being a paid caregiver count as earned income for Social Security purposes?
Full question: Since I’ve been a caregiver for my disabled son and am just starting this year as a paid live-in caregiver through medicaid waiver. How will I be able to draw or show I’ve worked for SSI when it comes time for me to retire, since it’s tax exempt. Will it be as if…
Read MoreAre my Medicaid waiver payments counted as earned income?
Full question: I care for my adult disabled children in my home, and I receive Medicaid waiver payments through the IRIS Program in the state of Wisconsin for doing so. Our fiscal agent is iLIFE in Milwaukee, WI. I’ve been a caregiver with the IRIS Program since 2013 when our youngest turned 18. I’ve always…
Read MoreHow do I correct my Social Security earnings history?
Full question: My earnings on Social Security website show zero earnings even though taxes were with held from paycheck. How do I get this corrected? Hi there, You can submit past income tax filings and/or paychecks to the SSA to have those years updated. There are some restrictions on how far back these corrections can…
Read MoreWill my benefits be reduced if I work while collecting benefits?
Full question: I am 62 years old . If I start collecting social security now but continue working are my benefits going to be reduced or they will be the same as if I am not working ? Thank you Hi there, If you start collecting your retirement benefits and are still working, your benefits…
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