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Hello. I am 65 in a few weeks, but still need "4" Points to qualify for Retirement Social Security & Medical benefits. This is a Reverse question: How much income do I need to earn/ claim, in order to get these 4 remaining points in tax year 2023?

 
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Accepted Solutions
Gabriella_EA
Employee Tax Expert

Hello. I am 65 in a few weeks, but still need "4" Points to qualify for Retirement Social Security & Medical benefits. This is a Reverse question: How much income do I need to earn/ claim, in order to get these 4 remaining points in tax year 2023?

Hello @ DBH!

 

Thanks for the great question! According to SSA.gov, "In 2023, you earn 1 Social Security and Medicare credit for every $1,640 in covered earnings each year. You must earn $6,560 to get the maximum 4 credits for the year."

 

Source: https://www.ssa.gov/benefits/retirement/planner/credits.html

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3 Replies

Hello. I am 65 in a few weeks, but still need "4" Points to qualify for Retirement Social Security & Medical benefits. This is a Reverse question: How much income do I need to earn/ claim, in order to get these 4 remaining points in tax year 2023?

You are asking a question in the income tax forum that you should be asking Social Security.

 

https://www.ssa.gov/

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Gabriella_EA
Employee Tax Expert

Hello. I am 65 in a few weeks, but still need "4" Points to qualify for Retirement Social Security & Medical benefits. This is a Reverse question: How much income do I need to earn/ claim, in order to get these 4 remaining points in tax year 2023?

Hello @ DBH!

 

Thanks for the great question! According to SSA.gov, "In 2023, you earn 1 Social Security and Medicare credit for every $1,640 in covered earnings each year. You must earn $6,560 to get the maximum 4 credits for the year."

 

Source: https://www.ssa.gov/benefits/retirement/planner/credits.html

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Hello. I am 65 in a few weeks, but still need "4" Points to qualify for Retirement Social Security & Medical benefits. This is a Reverse question: How much income do I need to earn/ claim, in order to get these 4 remaining points in tax year 2023?

thank you Gabrielle!

DBH

 

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