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How many Social Security checks will be withheld?

Full question: I want to work and collect Social Security. My FRA is August 2026. I need to make $700 per month over the $1,860/month limit because I need to cover medical benefits for my husband and myself. That equals $350/month penalty. How many security checks will be withheld to offset the penalty? Hi there,…

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Will I ever get back the withholdings as a result of the earnings test?

Full question: I work pastime. I am receiving SS retirement. They take out SS every payday. Will this be added to my benefits at the end of the year? Hi there, It sounds like you are affected by the earnings test, which applies to those who are 1. Younger than their full retirement age, FRA,…

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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…

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I 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…

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Will 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…

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Are 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…

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