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novdave
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2019 taking social security plus working full time job. Taxes company wants me to work overtime. Am I just making irs rich by working overtime

 
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2 Replies

2019 taking social security plus working full time job. Taxes company wants me to work overtime. Am I just making irs rich by working overtime

Working fulltime and collecting SS I can only assume that you'll be paying taxes on the majority of your SS as well as taxes on your earned income.... you alone wont make IRS rich, but you may be paying taxes that you may not need to be paying if you waited to collect SS until you're no longer working fulltime.
♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪

2019 taking social security plus working full time job. Taxes company wants me to work overtime. Am I just making irs rich by working overtime

This seems to be a financial planning question, and consulting with a qualified planner may be valuable.  Of course, the answer depends upon how much money you earn in 2019 and how much you receive from SSA.

Here are some thoughts: 

- Estimate your 2019 earnings and SSA income, and run a "trial" return through 2018 TurboTax to see the impact.  You can compare your income and taxes with and without the SSA income or with various earnings from work.  Be sure not to file these "trial" returns!

- If you do not need the Social Security payments, you can request that they be suspended until you decide to work less.  Refer to SSA site https://www.ssa.gov/planners/retire/suspend.html   and an AARP site  https://www.aarp.org/retirement/social-security/questions-answers/suspend-social-security-then-resta...

- From a non-financial perspective, you may want to decide what you wish to do with your time, and how much you enjoy your work.




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