KrisD15
Expert Alumni

Retirement tax questions

It is based on earned income.

 

According to the SSA:
"When we figure out how much to deduct from your benefits, we count only the wages you make from your job or your net profit if you're self-employed. We include bonuses, commissions, and vacation pay. We don't count pensions, annuities, investment income, interest, veterans benefits, or other government or military retirement benefits."

 

@T4Tigress 

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