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Experts at Maximize My Social Security have answered more than 10,000 questions about Social Security over many years. Search for your questions and answers here.
Will My Earnings In The Months Before I File For Benefits Count Toward The $1 For $2 Rule?
If I work from January to October and then retire at 62 , will the first 10 months of that year be used against me on the 1dollar for every 2 dollars earned rule when I file my taxes.
Hi,
Yes, but you could still potentially be paid benefits for November and December as long as you don't earn more than $1,420 in either of those months. The monthly earnings test (https://www.ssa.gov/planners/retire/rule.html) is an alternative to the annual earnings test (https://www.ssa.gov/planners/retire/whileworking2.html), and whichever of the 2 tests is more advantageous may be used in your initial year of Social Security benefit entitlement.
Best, Jerry
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Posted:
January 29, 2018