Social Security Income Limit: What Counts As Income?

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Title	:	Social Security Income Limit: What Counts As Income?
Lasting	:	9.13
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Views	:	153 rb

If you have children with the age of 22 years or older living in the same house as the parents, will their income counts toward the total family’s combined income or it’s only the parent’s income? Asking because the quote I read below “In order to qualify for disability, a family’s combined income and resources must total less than $3000 If you are unmarried your income and resources must total less than $2000” I would highly appreciate your answer
Comment from : Zaid Ali

What about stipen
Comment from : Annie Davis

Fortunately I can avoid this issue, by waiting 5 more months to my full retirement age
Comment from : smilemoney

Great video We all strive for financial independence and better life It’s not difficult in achieving this through the right investment, living frugally, and budgeting I’m glad I learned early in life to work hard for financial freedom
Comment from : David Antony

Great video, I know we're talking about tax year 2023 now Does rental income classify as a penalty type income? A Cash brokerage account If you turn a profit on a stock this account against your Social Security income? How about an inherited IRA not a very big one but it must have a disbursement taken from it every year How is that treated? Thx great video!! ✌️
Comment from : Remingtons Y Pro

Tips earned as a hair stylist count as income?
Comment from : ohyeah

I'm only forty-six years old I get social security every month SSI I got a debit card and a credit card social security set to me the most other half is$2,000 over there My checks that's true find out for me please good afternoon from New York City 7 pm
Comment from : Eric Valentin

I rent my upstairs out, does that go towards my income?
Comment from : Catherine Oswald

Terrific summation!
Comment from : All Things Social Security

My full retirement age is 66 and 8 months I want to retire at 65 I know my yearly income limit is 19,56000 per year Does that amount include my paycheck income and my retirement? Or is it just the paycheck amount?
Comment from : Kaye Walker

What about if you’re under the retirement age and you have survivor benefits from an ex-spouse?
Comment from : Vivianna

Thank you for the video I can't find anywhere if SPOUSAL income counts towards the earnings offset test, assuming retirement prior to full retirement age Example, Husband turning 66 3/15/23, wife 56, he earns $ 35,000 she earns $ 47,000 He is debating about taking SS now, rather than age 66 6 months (6 months from now) i realize there is a different offset in the year of full retirement age which is 2023 Will her income count towards the earnings test or is it JUST his income for him in 2023? She is NOT taking spousal SS she is 56 Is that enough information to answer my question?
Comment from : FRANCES MAANE

How Social Security Income Limit applied for retirements at 63,64,65?
Comment from : Jim Hoang

People needs to keep it simple Just saying
Comment from : ed gray

I have turned a lot of people on to you Thank so much
Comment from : ed gray

I'm 64 sign up for ss Contruction
Comment from : ed gray

Great video Thank you Devin! Question for you capital gains in investing in real estate considered income for survival ss benefits?
Comment from : Dental Health የጥርስ ጤና

Ya I've w went back to work after returning to an they calming I'm over paid with our color raise I went from 1800 to 6100 an lost my social security until June
Comment from : Thomxs Campbell

Great job explaining the system I had paid into SS from age 16 and never had any gaps in employment until age 53 After working 32 years at my last job I was laid off I was unable to land any real work as a construction electrician at that age So by age 62 I had already blown through my 401k and needed income so I took my SS early I think I received about $7k from SS that year and I was able to get work the year prior and made like $33k so the $7k was taken back by SS So basically someone who make millions in investments is not penalized but some old guy struggling to survive and working the government just takes it all Just seems a bit unbalanced
Comment from : RC Roads

Can I receive S S I IF I HAVE AN ESTATE ACCOUNT FROM MY MOTHER??????
Comment from : Mike Appignani

ow that we pay tax on ebay sales, will these sales count as income?
Comment from : Steve G

What is the income limit for SSI for a married couple ?Thanks
Comment from : Doc Faustus

Can't seem to find anything that addresses "passthrough" income (not wages)
Comment from : Mudinyeri

Correct me if I'm wrong, but if I go for retirement at 62, and my SSI checks are $1,000 In 1 year I will gain 12k Now if I plan to continue working, I can make up to $17K $17K + 12K is 29K What possible greater gain can you get if you don't begin receiving Social Security at 62? Taking retirement while working is the only thing that should be given PRIORITY attention in these videos brbrQuestion, lets say that if I were to retire at 62, and begin receiving my $1,000 per month check, and every year plan to make up to 2 x the maximum allowed This is also a gain of $17k - $5k or $85k Again, what gain can be greater than working while taking retirement, beginning at age 62?brbrThe above questions are more important to me than any YouTube video on the topic
Comment from : Tim

So if I am self employed through my LLC ( taxed at S Corp) my LLC earnings each month are considered wages? That makes no sense I was going to file but continue working, paying myself under the max allowed each month I work seasonal driving so some months would be salary received but no earnings by the company
Comment from : Steve K

SSDI say trial work period can only make $970 a month
Comment from : stephen giacobozzi

Woah woah woah… Pensions, annuities, IRA (pretax), and 401k (pretax) payments ALL count towards your income and can affect your social security taxation… WHAT?!?! I’m blown away by the chart listed at 4mins in stating that all these are not sources of income Either we need more clarification here or this video is extremely misleading
Comment from : X

Does anyone know if i am allowed to day trade stocks without it affecting my SSDI benifits?
Comment from : Travis W

Thank you for explaining the simple steps which inspired me to take a step forward into the work world with less worry about walking into traps
Comment from : J N

What about FIRST year on income and SSI? Does it matter what you make the first year that you go on SSI?
Comment from : Greg Lambert

I suppose income from a couple rentals count towards earned income if retired early?
Comment from : Jerry Mann

Is there a legal form that SSA makes you sign so that your SSD benefits will not increase as you age increases? COLA only
Comment from : Barbara Thiecke

Most people don't want to work more to save for retirement after their FRA Tell the government to put back our money they stole from SSA that WE paid into the system! Keep doing what you are doing to help us make smart decisions
Comment from : Don Reinholz

What is considered self employment income? K-1, schedule C?
Comment from : Jerry Foreman

What if u do selling just clear out items do u always owe SSA
Comment from : Draco Jensei

If you are disabled for your back, and you hit the lottery will you be cut off social security
Comment from : orlando sanders

Devin I have been watching your videos over several years Could you do a video on gaps in employment I have 6 years of 0, of those 6 I had 4 years that I worked in Canada after receiving permanent residence Since the US and Canada has a mutual agreement should I get a record of the 4 years worth of payments from Canada and present it to SS here to fill in the zeros
Comment from : TheRdwyer

I WANT TO KNOW HOW I CAN GET THE SSI BENEFITS BECAUSE I'M JUST GETTING THE DISABILITY BENEFITS AND I'M JUST GETTING $46400 A MONTH AND I'M 65 YEARS OLD AND PLEASE HOW I CAN GET SSI BENEFITS AND WHAT I HAVE TO SHOW THE SOCIAL SECURITY SO I CAN QUALIFIED FOR THE SOCIAL SECURITY INCOME?
Comment from : Albert Hernandez

Hi Devin I am 62 and I plan on retiring in September 10-22 I will be 63 brMy question is does any of my income I make before I retire in September 22 go against me? It's my understanding that any money I make before September doesn't count against me and I can still make the allowable amount of 19,56000 going forward? Please help
Comment from : Happy Campers

I have 2 real properties that I derive monthly income frombrDoes rental income count as part of the income limit, when you get retirement benefits, before FRA?
Comment from : myutube1960

What about rental income? I own a two-family house no mortgage I do show the income because I write off the taxes insurance and maintenance Just wondering if Social Security considers that income I hope not, because I plan on living on my rental and my Social Security And of course my savings and 401k
Comment from : Joe R outdoorguy

SSDIbrDoes either of these impact SSDI?brIncome from Forex Trading?brIncome from Forex Trading Algorithm?
Comment from : Yezzir

Does household income or say someone paying rent to someone within a household effect the person's SSA who is also receiving the rent money?
Comment from : Craig Hamlet

If you are working, why are you collecting Federal welfare, SS?
Comment from : Ed Rodgers

Is alimony considered income?
Comment from : Diane Dee

If I early retire at 62 and start my own business I'm only allowed to make $18,000 a year is that after all my deductions for the business
Comment from : Willis Shields

Both are full retired Collecting SS, ( 22K total for both a yr ) selling a 2nd home used as a summer home, capital gains on it is about 35K, will we have pay any federal taxes on SS or capital gains ???
Comment from : RevBiker Big D

What is the income limit?
Comment from : Fred Jennings

Thank you, you cleared up some questions It would be great if you could touch on social security disability insurance and what counts as income against SSDI as I just recently was approved for SSDI Such as my pension, dividends, and my 401k which is now my IRA
Comment from : Mitchell Trebitz

So if a casino going senior under full retirement age wins a taxable jackpot, they'll be okay as long as the jackpot is under $17,650 right?
Comment from : Scoe Sixtray

My child has autism, does my husband 401k contributions count as income for ssi
Comment from : jamayfav

Does 401K income count?
Comment from : Christopher Allen

What about house rentals?
Comment from : Tim Sul

I think they also counted child support as income
Comment from : Renee Martinez

Can I deduct a self employed loss against w2 income to calculate my earnings limit while I am drawing monthly as checks before my fra
Comment from : Mark Gatch

I know folks who get SSI just for being stupid brNot talking about those who clearly need it
Comment from : Precisionetica

If I can get a government grant to start up my own business, will that affect my retirement benefits?
Comment from : David Harris

Devin does Roth conversion count as Provisional Income when figuring taxes on Social Security Benefit Thank you
Comment from : rob roth

This actually sounds immoral You lose, if you go back to work, but not if you have income from rent what screwed up system is this?
Comment from : norm graham

Ernie retired and worked for cash Now I see why The neighbor farmer, retired, but still drives the tractor
Comment from : norm graham

Once again, passive income from investments is treated much more favorably than earned income (working at a job) Clearly, working is a fool’s game and creating investment income is the way to go Not a value judgment but the way to success in our current system
Comment from : Tobi Rates

Pension like Cal Pers retirement is not considered income and added to ss benefits for income tax purposes?
Comment from : Frank0020

Do they take away your SSDI when you reach your text age
Comment from : Debra Parks

If you take SS 1 year early, does the income limit stay or does it go away when you reach FRA?
Comment from : Randall Schultz

If I get a loan from a bank is it considered income is any debt considered income especially the debt that you owe if I'm paying off a debt from something that is worth money like antiques or jewelry to pay the debt is it considered income
Comment from : Lloyd Stovall

If you getting ssi and say if u make a $100,000 from stock capital gain how much would u get tax
Comment from : JAY DA GOAT

What about pandemic unemployment benefits? Does that count against your SS bennies?
Comment from : Truth Recon

Hi! Devin, I have a question for you How come SSI SSDI and so is counted as income When it's so far below the poverty level The poverty level is $1077 for 1 person This means anyone making this amount or below is not making enough so they are listed as Poverty Level I'm 62 years old and get SSI every month That's $794 at about $9500 a year I can't buy a car or own my own home Why, because I don't make enough money
Comment from : iceman11a

Devin, I am only going to receive $250 a month Obviously I can’t live on that Thank God for my husband How much extra can I make per month without being charged?
Comment from : hots4jc

I found it very useful info! Thank you! Subscribed!
Comment from : victoria cousins

For SSDI does military pension count?
Comment from : LawDogg01

I am on SSI SSDI and I am thinking about investing but I am scared take a chance
Comment from : Newyear2018

WHAT'S WRONG IS THE RICH IS ALOUD TO LIVE SCOTT FREE OFF OF A SOCIAL SECURITY RECIPIENTS MONIES BUT THEY GOVERNMENT STRAPS A RECIPIENTS ASSETS
Comment from : Robert Botello

The government dont care about the its people br They send to other countries Afead immigrants off taxpayers
Comment from : feeling23again

This last surgery i had im not able to work no more at 74
Comment from : feeling23again

I draw social security They throw mine in the trash
Comment from : feeling23again

Aint nobody gonna hire a person 74 years old They aint able to work at 74
Comment from : feeling23again

SSDI LIMIT IS 126000 if you go that lose it all
Comment from : stephen giacobozzi

Can a person deposit more than 2K in their savings account even if they have been on ssi for over 2 years?
Comment from : Marc Cruz

So you said dividends so if I get dividends from the stock market it's not assumed to be income if I reinvent those dividends?
Comment from : E M

Does my spouses income effect my ssi income limits?
Comment from : hooba211

Hello im on ssi disability from a auto accident i get like $800 a month can i apply fkr this pua benefits? For doing small gigs etc?thnx
Comment from : Joseph Lewis

👍😉
Comment from : Jerry Knighten

I'm on disability after my husband died in 2009 and I have epilepsy Is there a maximum amount of income that I can get before it affects my disability?
Comment from : Kathy Miller

Does income from rental houses count?
Comment from : Irideon Andon

Does VA disability checks count as an income?
Comment from : Joey Winner

If I'm taking an early SS benefits at 62 (might be a reality for me since I lost my job thanks to Covid 19) and leave the US, am I obligated to report anything at all?
Comment from : yoheff988

Military Retirement Pay?????
Comment from : Brian L

I sure hope it's on February check Will be very much appreciated 🙏
Comment from : Reba Easler

Sure is a lot of six’s 666
Comment from : MAGIC MIKE

Just trying to find out if rental income counts
Comment from : Roger Pullin

Tell us is the company pension be taxed at the end of the year also retirement sss and that person only 64 years old retired early Thank you
Comment from : Marinel Garland