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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19553  
Subject: Re: S.S. Earnings Test Date: 3/30/2000 1:35 PM
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Blovel asks:

<<Under current law S.S. allows $10,080 annual income
without penalty for people age 62 to 64. My question
is what is considered Income on the W-2 wages statement? Example:
Line 1 of W-2 reflects Wages, tips, etc.
Lien 3 and line 5 reflects Social Security Wages.
If the figures are different (due to 403 B contributions) which line does S.S. look at to determine the $10,080 threshold?>>

I can't find it clearly spelled out in any of the pubs, but my gut reaction is they will look at the Social Security Wages and ignore the taxable. Lines 3 and 5 ultimately can serve to increase your benefit, so they probably won't allow you to collect on that increase twice (once by a smaller forfeiture and again by a potentially higher benefit later).

Best bet: Call the SSA and ask.

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