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Social Security rules on earnings and taxable years.

Understanding Earnings in a Taxable Year for Social Security Beneficiaries, § 404.428

Leave a Comment / Deductions, Recomputation, Reductions / April 26, 2023

When it comes to Social Security benefits, understanding the annual earnings test and how it applies to beneficiaries is crucial. In this blog post, we’ll break down Section 404.428 of the Social Security regulations and explain what you need to know about earnings in a taxable year. What Counts as Earnings: According to Section 404.428(a), …

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Chart showing the calculation of Social Security deductions over multiple months.

Understanding Deductions When Deduction Events Span Multiple Months: Breaking Down § 404.425

Leave a Comment / Deductions, Reductions / April 26, 2023

When it comes to Social Security benefits, certain circumstances may cause deductions to be applied to an individual’s benefit amount. In some cases, these deduction events can span over more than one month. In this blog post, we will delve into § 404.425, which outlines how the total amount of deductions is calculated when deduction events …

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Navigating Multiple Deduction Events in a Month: Understanding §404.424

Leave a Comment / Deductions, Reductions / April 26, 2023

Social Security regulations can be complex, especially when multiple events occur in a single month that may impact your benefits. In this blog post, we’ll help you understand §404.424, a regulation that addresses the total amount of deductions when more than one deduction event occurs in a month. Understanding Deduction Events To better comprehend §404.424, …

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Understanding How Deductions are Made in Social Security Benefits, § 404.423

Leave a Comment / Uncategorized / April 26, 2023

Social Security benefits are an essential part of many people’s retirement plans. However, certain events can lead to deductions from these benefits. In this blog post, we’ll explore how deductions are made, as outlined in §404.423 of the Social Security regulations. Understanding these rules can help ensure you’re aware of any potential reductions in your …

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Deductions in Social Security Benefits When a Beneficiary Fails to Have a Child in Their Care, § 404.421

Leave a Comment / Deductions, Reductions / April 26, 2023

When a beneficiary fails to have a child in their care, certain deductions are made to their Social Security benefits. This article explains the deductions made under different circumstances as outlined in § 404.421. Deductions for Wife’s or Husband’s Benefits: A deduction is made from the wife’s or husband’s benefits if the beneficiary is under full …

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Illustration of a couple with the Social Security logo in the background.

Understanding Benefit Entitlements for Spouses Under Sections 404.420, 404.415, and 404.417

Leave a Comment / Reductions / April 26, 2023

Social Security benefits play a crucial role in providing financial stability to millions of Americans. Understanding the various rules and regulations governing these benefits can be complex, but it’s essential to be informed about your rights and entitlements. In this blog post, we’ll break down the rules set forth in Section 404.420, which affects spouses …

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A person working outside the United States.

Understanding Noncovered Remunerative Activity Outside the United States, § 404.418

Leave a Comment / Reductions / April 26, 2023

When it comes to earning income outside of the United States, it’s essential to understand the implications for your taxes and social security deductions. In this blog post, we will explore the concept of “noncovered remunerative activity outside the United States” as defined by § 404.418, and discuss how it relates to deductions mentioned in § 404.417. …

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An illustration of a person holding a document and looking at a graph.

Understanding Deductions for Noncovered Remunerative Activity Outside the US: A Guide to the 45-hour and 7-day Work Test, § 404.417

Leave a Comment / Reductions / April 26, 2023

In the world of Social Security benefits, understanding the regulations and requirements for deductions due to noncovered remunerative activity outside the United States can be a daunting task. This article aims to simplify and explain the 45-hour and 7-day work tests as they relate to these deductions. Section 1: Deductions Because of Individual’s Activity 1.1 …

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Understanding Social Security Deductions Due to Excess Earnings, § 404.415

Leave a Comment / Reductions / April 26, 2023

The Social Security Administration (SSA) enforces an annual earnings test for those receiving benefits who have not yet reached full retirement age. This test ensures that benefits are reduced if an individual earns above a certain threshold. In this blog post, we will discuss the three main types of deductions due to excess earnings, as …

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A chart showing how Social Security benefits are calculated.

Understanding Benefit Reductions & Increases in Primary Insurance Amounts, § 404.413

Leave a Comment / Reductions / April 26, 2023

The Social Security system can be complex, and understanding how benefit reductions for age and subsequent increases in primary insurance amounts work is crucial for retirees. This blog post breaks down the general rule on reduction of increases and the methods of computation for these reductions. General Rule on Reduction of Increases When an individual’s …

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