provisional income

fp57 — Wed, 26 Jul 2023 21:34:53 GMT

I am retired and 2 months away from full retirement age. SSA raised the max income limit on benefits to 56K from 21K after that age. If I returned to work then, how would that affect the provisional income limit? Thanks

Re: provisional income

Laura_CPA — Wed, 26 Jul 2023 21:39:59 GMT

Hi fp57,

Hope you are doing well, happy to answer your question. According to the Social Security Administration, if you work, and are at full retirement age or older, you may keep all of your benefits, no matter how much you earn.

Now, for tax purposes, if you have other sources of income (for example, a job), your social security benefits could be taxed up to an 85%.

Please let me know if you have any further questions regarding this topic.

Best Regards,

Laura

topic provisional income in Retirement tax questions

provisional income

Re: provisional income