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You are 63 receive social security and made 60000 this year Do you have to pay any of your Social security back to Social security since I went over the allowed amount?
Wiki User
∙ 14y ago
Yes if you made over $14,160 in 2009 you will have to pay Social Security back. To figure out how much you went over, subtract 14,160 from how much you made, then divide by 2, and divide that number by your check amount. Round this number up. That is how many checks for the year you were not due. You should call to report it as soon as possible. Eventually your earnings will show up in their computer system.
Wiki User
∙ 14y ago
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What is the vehicle amount you are allowed to have while on social security benefits?
Social Security benefits are not "means tested" - i.e., there is no limit to the amount of property or other assets you may own. Millionaires receive Social Security benefits. Are you referring instead to Supplemental Security Income?
What if you receive social security and also earn cash?
You have more money each month. If you receive social security disability (SSDI) you are allowed to earn up to a certain amount before it affects your benefits. If you receive Social Security after reaching the required age, you can make as much money as you want. You may have to pay taxes on some of that depending on the amount earned.
If you turn 65 and begin getting social security retirement benefits does that decrease your spouses social security retirement check that he has already been getting?
No the social security payment amount that you are qualified to receive will not have any affect on the amount of your spouses payment amount that he is already receiving
Can you work while receiving social security disability If so, what is the maximum amount income allowed?
While receiving social security disability benefits, the maximum amount of additional monthly income allowed from working is $900 a month gross.
Can a homemaker who has not been employed for many years receive social security when age 63?
Social security amount depends upon how much was earned during a lifetime.
If you receive ie 255 a week unemployment insurance will that amount be reduced because you receive Social Security benefits?
No, Social Security benefits will not reduce unemployment compensation. They are 2 different programs and do not affect each other.
If your children start receiving benefits from your social security benefits will this decrease your benefit amount?
No it will not reduce the amount of benefits that you are qualified to receive.
If social security statement says you receive 1300.00 is this before or after medicare payment?
That's probably the gross amount.
Do foreigners that have paid into social security receive benefits?
Yes , non-citizens who are permanent residents and have paid taxes into the Social Security system for the required amount of years are eligible for Social Security benefits . See related link below for additional information .
May i receive ssi and unemployment in New York state?
Ireceive a small social security and ssi amount. If i will receive unemployment benefits will if affect my ssi?
How does capital gains income affect social security?
That depends, if you're below the maximum amount of income that you can earn for that tax year, then it won't trigger a claw back of some of your social security. On the other hand, if your income is over the maximum amount you're allowed to earn, then the government will take the appropriate deduction from your social security.
In 2009 what is the amount you can earn at age 62 and receive social security?
Call Social Security at 800-772-1213 for your exact amount, but it will be a reduced amount of your full retirement. Each person's amount is based on a percentage of his earnings, so you have to call SSA to find out. It's possible you can get the answer online, too, at SSA.GOV.
