The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Social security income limits Date:  4/4/2020  9:10 PM
Author:  RBMunkin Number:  130423 of 131140

From SS website: If you are under full retirement age for the entire year, we deduct $1 from your benefit payments for every $2 you earn above the annual limit. For 2020, that limit is $18,240.

Is this calculated on an individual basis if one is married and both are getting SS early and making money?
In other words, what if the married couple (filing joint) COMBINED make more than $18240?

Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us