How much money can you earn a month if you are on Social Security?

Question

Does anyone know what is the exact dollar amount you can earn if you are on Social Security and working? What is the exact amount of money you can earn without them taking it away?

Answer 1

that was a good question but i would need more information...

Answer 2

if you are 65 or whatever the cutoff is for you to work without penalty, this is how it works.

the first 18,400 is not taxed. After that, the amount you earn is taxed at about 15% so if you earn 22,000 you pay tax on social security you earn. If you earn $18,400 you do not pay income tax on that money.

And, join the voices petitioning our senators to raise that amount. The senate set that amount in 1984, and the cost of living has gone up 1000% since 1984; everyone else gets tax benefits, but if you are on social security, the government does everything they can to take it away from you.

good luck. i hope this helps.

Answer 3

It might depend on your age. You should also check into the tax implications. This may also be affected by age.

Answer 4

under 65 1303.03

over 65 no limit!!!

Answer 5

I think the cap I heard was like 20K...but that was a few years back (You can't live on that alone)

Answer 6

Depends on any other income you have

Answer 7

depends on if you rent guerrilla

Answer 8

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