Deductions

Illustration of a family receiving Social Security benefits.

Understanding § 404.458: A Guide to Limiting Deductions in Family Benefit Scenarios

Leave a Comment / Deductions / April 27, 2023

The Social Security regulations can be complex, and understanding the rules that govern benefit deductions is crucial for families receiving Social Security benefits. In this blog post, we will explore § 404.458, a provision that limits deductions in certain situations where total family benefits would not be affected or would be only partly affected. Exception to …

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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 / April 27, 2023

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

Leave a Comment / Deductions, Reductions / April 27, 2023

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

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

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

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

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 / April 26, 2023

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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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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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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