I am retiring this year, starting to collect SS in Sep or Oct. How does it work this first year of getting SS as far as the threshold for making too much, that reduces the amount you get in SS? In a regular year, I know I can't make more than 18-19k, otherwise my SS is reduced by $1 for every $2 made over the limit, but obviously this first year I've already made way more than that threshold.
You'll need to sign in or create an account to connect with an expert.
Go to this AARP website for information on the "Special Earnings Limit Rule" - https://www.aarp.org/retirement/social-security/questions-answers/social-security-first-year-rule.ht...
Go to this AARP website for information on the "Special Earnings Limit Rule" - https://www.aarp.org/retirement/social-security/questions-answers/social-security-first-year-rule.ht...
Excellent - thanks!
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Juan38
New Member
dustin1989-dh
New Member
zzz8881
New Member
spartatrl-msn-co
New Member
marvin_74
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.