April 2023

Social Security beneficiaries reviewing penalty deduction rules for earnings reporting.

Understanding Penalty Deductions for Failure to Report Earnings Timely, § 404.453

Leave a Comment / Deductions, Earnings, Reductions, Reporting Earnings /

It is crucial for individuals receiving social security benefits to report their earnings in a timely manner. Failure to do so can result in penalty deductions imposed on the individual’s benefits. This blog post aims to provide an overview of the rules and regulations governing penalty deductions for failure to report earnings timely as per […]

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Reporting Earnings to the Social Security Administration: What You Need to Know, § 404.452

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Understanding the reporting requirements for earnings is crucial to ensure that you receive accurate benefits from the Social Security Administration (SSA). In this blog post, we will discuss the conditions under which you must report your earnings, the information required in your report, and the procedure for requesting an extension to file your report. When

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A document with the Social Security Administration logo and the text "Reporting Requirements."

Navigating Social Security Reporting Requirements: Understanding the Process, § 404.450

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Understanding and complying with the Social Security Administration’s reporting requirements is crucial for beneficiaries to ensure they receive accurate benefit payments. In this blog post, we will focus on § 404.450 of the Social Security regulations, which outlines the required reporting for beneficiaries engaged in noncovered remunerative activity outside the United States or for those who

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Understanding the Substantial Services Test for Self-Employed Individuals, § 404.447

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The substantial services test is a crucial aspect for self-employed individuals when determining their retirement status. This test involves evaluating various factors such as the amount of time devoted to trades or businesses, the nature of services rendered, and the setting in which these services are performed. In this blog post, we will break down

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Social Security "substantial services" test for retirement.

Understanding the “Substantial Services” Test for Retirement, § 404.446

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When determining whether someone is considered retired, the “substantial services” test is an important factor. This test is applicable only in a grace year (including a termination grace year) as defined in § 404.435(c)(1). It evaluates whether an individual can reasonably be considered retired based on the services they render and the surrounding circumstances. In this

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Understanding Partial Monthly Benefits and Excess Earnings for Insured Individuals and Their Entitled Persons, § 404.441

Leave a Comment / Deductions, Reductions /

When an insured individual and another person entitled on the same earnings record both have excess earnings, it can be challenging to navigate how these earnings are charged and how their partial monthly benefits are calculated. In this blog post, we will simplify and explain the process of apportioning excess earnings and calculating partial monthly

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Understanding Partial Monthly Benefits and Pro-rated Share Exceeding Benefits Before Deduction for Excess Earnings, § 404.440

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Navigating the complexities of partial monthly benefits can be challenging. In this blog post, we’ll break down § 404.440 of the Social Security Act, which addresses the scenario in which a person’s prorated share of a partial benefit exceeds the benefit rate before excess earnings are charged. We’ll provide a clear explanation and an example to

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Understanding Partial Monthly Benefits and Excess Earnings in Social Security, § 404.439

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In the world of Social Security, understanding the intricacies of benefits, deductions, and excess earnings can be confusing. This blog post aims to provide a simplified explanation of partial monthly benefits and how excess earnings affect both an individual’s benefits and the benefits of those entitled on their earnings record. Partial Monthly Benefits: Partial monthly

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Understanding Benefit Rate Deductions Due to Excess Earnings, § 404.437

2 Comments / Deductions /

When it comes to receiving benefits from Social Security, there are various factors that may lead to a reduction in your benefits. In this blog post, we will discuss one specific situation: when your benefit rate is subject to deductions due to excess earnings, as outlined in § 404.437. Understanding Excess Earnings Excess earnings refer to

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Understanding Excess Earnings and Benefit Entitlement under the Annual Earnings Test, § 404.436

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The Social Security system has rules in place to determine how much a beneficiary can earn while still receiving benefits. One such rule is the annual earnings test, which can result in excess earnings and affect an individual’s entitlement to benefits. In this blog post, we’ll delve into the concept of excess earnings and explore

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