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Social Security Income Limit: What Counts As Income?

Devin Carroll, CFP® 190 views

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Let the rich pay taxes and social security will be forever
Comment from : @idastewart3519

Does a roommate who pays part of my rent count as income?
Comment from : @sisteryaya24

I’m retiring at 52 … just 3 more yearsthat’s a hard 3 years to wait
Comment from : @JWG2014

Never counted on SS
Comment from : @JWG2014

Is CD earnings is an income?
Comment from : @Cyrus-lv1vu

Congress thrives on making taxation as convoluted as possible to be able to do favors to certain beneficiaries
Comment from : @Vick1472

Hi Devin I began received SS retirements benefits at 62 and am now day trading Can those profits negatively affect my SS benefits
Comment from : @SH-jv5uf

Can social security be garnished by anyone
Comment from : @berniee286

Devin, does alimony count toward the SS earnings limit
Comment from : @patricianavarro6645

Are bank bonuses earnes or unearned income for ssdi?
Comment from : @True-w898

How does 401k contributions impact the income limit? If I have $40k wages and $30k 401k contribution is the earnings $40k or $10k Also if I start SS and keep working does my benefit increase as zero income years drop off?
Comment from : @Bondbeer

It is gross or net? Anyone can help?
Comment from : @bostonc5827

Why is the earnings threshold so low?? People need the money, and to keep their bodies and minds sharp as they age If they still want to work, you should have to pay for it!!
Comment from : @kirklamb3270

Sir, What about rental income
Comment from : @chandrakantvasudeo8906

Does your spouse's income count in this scenario if you file jointly ?
Comment from : @matt75hooper

Does this limit count foreign income? My wife get paid in £ by an English company
Comment from : @499PUCK

What about an old 401k withdrawal Does that count as income?
Comment from : @reycruz4513

I receive SSDI and I went over SGA Caused by vacation pay non work activity So question is is vacation pay consider as SGA am I'm at risk of getting my SSDI terminated by SSA?
Comment from : @andrewchaney8672

Government stealing your own money from you hoping you die before getting it back Sounds about right
Comment from : @garybollrud8968

Devin, please teach the representatives at Social Security how to do their jobs We need you running the show over there! Lol
Comment from : @mdgraystone

I am assuming this is gross earnings
Comment from : @michaelhoapili4688

If you have children with the age of 22 years or older living in the same house as the parents, will their income counts toward the total family’s combined income or it’s only the parent’s income? Asking because the quote I read below “In order to qualify for disability, a family’s combined income and resources must total less than $3000 If you are unmarried your income and resources must total less than $2000” I would highly appreciate your answer
Comment from : @ZaidAli-kj4sd

What about stipen
Comment from : @anniedavis6983

Fortunately I can avoid this issue, by waiting 5 more months to my full retirement age
Comment from : @smilemoney

Im ready to file for ssi but their income for me doesn,t look correct my monthly amount is estimated at 2011 a month I know i earned more than what they are saying any ideas how to get corrected before i file?
Comment from : @un-limited7009

Great video, I know we're talking about tax year 2023 now Does rental income classify as a penalty type income? A Cash brokerage account If you turn a profit on a stock this account against your Social Security income? How about an inherited IRA not a very big one but it must have a disbursement taken from it every year How is that treated? Thx great video!! ✌️
Comment from : @remingtonsypro3160

Tips earned as a hair stylist count as income?
Comment from : @worldchanges10

I'm only forty-six years old I get social security every month SSI I got a debit card and a credit card social security set to me the most other half is$2,000 over there My checks that's true find out for me please good afternoon from New York City 7 pm
Comment from : @EricValentin-mc5xf

I rent my upstairs out, does that go towards my income?
Comment from : @catherineoswald4280

Terrific summation!
Comment from : @AllThingsSocialSecurity

My full retirement age is 66 and 8 months I want to retire at 65 I know my yearly income limit is 19,56000 per year Does that amount include my paycheck income and my retirement? Or is it just the paycheck amount?
Comment from : @ktmazer

What about if you’re under the retirement age and you have survivor benefits from an ex-spouse?
Comment from : @viviannaflores8584

How Social Security Income Limit applied for retirements at 63,64,65?
Comment from : @jimhoang5208

People needs to keep it simple Just saying
Comment from : @edgray9151

I have turned a lot of people on to you Thank so much
Comment from : @edgray9151

I'm 64 sign up for ss Contruction
Comment from : @edgray9151

Great video Thank you Devin! Question for you capital gains in investing in real estate considered income for survival ss benefits?
Comment from : @asrattadesse8597

Ya I've w went back to work after returning to an they calming I'm over paid with our color raise I went from 1800 to 6100 an lost my social security until June
Comment from : @thomxscampbell8063

Great job explaining the system I had paid into SS from age 16 and never had any gaps in employment until age 53 After working 32 years at my last job I was laid off I was unable to land any real work as a construction electrician at that age So by age 62 I had already blown through my 401k and needed income so I took my SS early I think I received about $7k from SS that year and I was able to get work the year prior and made like $33k so the $7k was taken back by SS So basically someone who make millions in investments is not penalized but some old guy struggling to survive and working the government just takes it all Just seems a bit unbalanced
Comment from : @RCRoads

Can I receive S S I IF I HAVE AN ESTATE ACCOUNT FROM MY MOTHER??????
Comment from : @mikeappignani4383

ow that we pay tax on ebay sales, will these sales count as income?
Comment from : @steveg2645

What is the income limit for SSI for a married couple ?Thanks
Comment from : @docfaustus6303

Can't seem to find anything that addresses "passthrough" income (not wages)
Comment from : @Mudinyeri

So if I am self employed through my LLC ( taxed at S Corp) my LLC earnings each month are considered wages? That makes no sense I was going to file but continue working, paying myself under the max allowed each month I work seasonal driving so some months would be salary received but no earnings by the company
Comment from : @steverunswithscissors

SSDI say trial work period can only make $970 a month
Comment from : @stephengiacobozzi7785

Woah woah woah… Pensions, annuities, IRA (pretax), and 401k (pretax) payments ALL count towards your income and can affect your social security taxation… WHAT?!?! I’m blown away by the chart listed at 4mins in stating that all these are not sources of income Either we need more clarification here or this video is extremely misleading
Comment from : @user-em2wh6vq1l

Does anyone know if i am allowed to day trade stocks without it affecting my SSDI benifits?
Comment from : @travisw3467

Thank you for explaining the simple steps which inspired me to take a step forward into the work world with less worry about walking into traps
Comment from : @JN-0peny0ureye5

What about FIRST year on income and SSI? Does it matter what you make the first year that you go on SSI?
Comment from : @skyhawk36

I suppose income from a couple rentals count towards earned income if retired early?
Comment from : @jerrypissonme

Is there a legal form that SSA makes you sign so that your SSD benefits will not increase as you age increases? COLA only
Comment from : @barbarathiecke3690

Most people don't want to work more to save for retirement after their FRA Tell the government to put back our money they stole from SSA that WE paid into the system! Keep doing what you are doing to help us make smart decisions
Comment from : @donreinholz8121

What is considered self employment income? K-1, schedule C?
Comment from : @jerryforeman4543

What if u do selling just clear out items do u always owe SSA
Comment from : @dracojensei1141

If you are disabled for your back, and you hit the lottery will you be cut off social security
Comment from : @orlandosanders8156

Devin I have been watching your videos over several years Could you do a video on gaps in employment I have 6 years of 0, of those 6 I had 4 years that I worked in Canada after receiving permanent residence Since the US and Canada has a mutual agreement should I get a record of the 4 years worth of payments from Canada and present it to SS here to fill in the zeros
Comment from : @TheRdwyer

I WANT TO KNOW HOW I CAN GET THE SSI BENEFITS BECAUSE I'M JUST GETTING THE DISABILITY BENEFITS AND I'M JUST GETTING $46400 A MONTH AND I'M 65 YEARS OLD AND PLEASE HOW I CAN GET SSI BENEFITS AND WHAT I HAVE TO SHOW THE SOCIAL SECURITY SO I CAN QUALIFIED FOR THE SOCIAL SECURITY INCOME?
Comment from : @alberthernandez5650

Hi Devin I am 62 and I plan on retiring in September 10-22 I will be 63 brMy question is does any of my income I make before I retire in September 22 go against me? It's my understanding that any money I make before September doesn't count against me and I can still make the allowable amount of 19,56000 going forward? Please help
Comment from : @happycampers5547

I have 2 real properties that I derive monthly income frombrDoes rental income count as part of the income limit, when you get retirement benefits, before FRA?
Comment from : @myutube1960

What about rental income? I own a two-family house no mortgage I do show the income because I write off the taxes insurance and maintenance Just wondering if Social Security considers that income I hope not, because I plan on living on my rental and my Social Security And of course my savings and 401k
Comment from : @outdoorguy845

SSDIbrDoes either of these impact SSDI?brIncome from Forex Trading?brIncome from Forex Trading Algorithm?
Comment from : @yezzir5464

Does household income or say someone paying rent to someone within a household effect the person's SSA who is also receiving the rent money?
Comment from : @craighamlet2863

If you are working, why are you collecting Federal welfare, SS?
Comment from : @edrodgers4581

Is alimony considered income?
Comment from : @dianedee9529

If I early retire at 62 and start my own business I'm only allowed to make $18,000 a year is that after all my deductions for the business
Comment from : @willisshields647

Both are full retired Collecting SS, ( 22K total for both a yr ) selling a 2nd home used as a summer home, capital gains on it is about 35K, will we have pay any federal taxes on SS or capital gains ???
Comment from : @revbikerbigd8664

What is the income limit?
Comment from : @fredjennings5312

Thank you, you cleared up some questions It would be great if you could touch on social security disability insurance and what counts as income against SSDI as I just recently was approved for SSDI Such as my pension, dividends, and my 401k which is now my IRA
Comment from : @mitchelltrebitz1423

So if a casino going senior under full retirement age wins a taxable jackpot, they'll be okay as long as the jackpot is under $17,650 right?
Comment from : @scoesixtray2457

My child has autism, does my husband 401k contributions count as income for ssi
Comment from : @jamayfav

Does 401K income count?
Comment from : @christopherallen9580

What about house rentals?
Comment from : @timsul3092

I think they also counted child support as income
Comment from : @reneemartinez7452

Can I deduct a self employed loss against w2 income to calculate my earnings limit while I am drawing monthly as checks before my fra
Comment from : @markgatch4025

I know folks who get SSI just for being stupid brNot talking about those who clearly need it
Comment from : @Precisionetica

If I can get a government grant to start up my own business, will that affect my retirement benefits?
Comment from : @davidharris8861

Devin does Roth conversion count as Provisional Income when figuring taxes on Social Security Benefit Thank you
Comment from : @greenflintriver

This actually sounds immoral You lose, if you go back to work, but not if you have income from rent what screwed up system is this?
Comment from : @normbograham3

Ernie retired and worked for cash Now I see why The neighbor farmer, retired, but still drives the tractor
Comment from : @normbograham3

Once again, passive income from investments is treated much more favorably than earned income (working at a job) Clearly, working is a fool’s game and creating investment income is the way to go Not a value judgment but the way to success in our current system
Comment from : @tobirates916

Pension like Cal Pers retirement is not considered income and added to ss benefits for income tax purposes?
Comment from : @Frank020

Do they take away your SSDI when you reach your text age
Comment from : @debraparks7498

If you take SS 1 year early, does the income limit stay or does it go away when you reach FRA?
Comment from : @randallschultz992

If I get a loan from a bank is it considered income is any debt considered income especially the debt that you owe if I'm paying off a debt from something that is worth money like antiques or jewelry to pay the debt is it considered income
Comment from : @WIZ56575

If you getting ssi and say if u make a $100,000 from stock capital gain how much would u get tax
Comment from : @jaydagoat8759

What about pandemic unemployment benefits? Does that count against your SS bennies?
Comment from : @truthrecon4404

Hi! Devin, I have a question for you How come SSI SSDI and so is counted as income When it's so far below the poverty level The poverty level is $1077 for 1 person This means anyone making this amount or below is not making enough so they are listed as Poverty Level I'm 62 years old and get SSI every month That's $794 at about $9500 a year I can't buy a car or own my own home Why, because I don't make enough money
Comment from : @iceman11a

Devin, I am only going to receive $250 a month Obviously I can’t live on that Thank God for my husband How much extra can I make per month without being charged?
Comment from : @hots4jc