In some cases, the Social Security Administration (SSA) may suspend benefit payments for individuals who work or engage in self-employment. This suspension occurs when the SSA determines that an individual’s earnings may result in deductions against their benefits. This blog post will explain the circumstances, duration, and finality of such suspensions as outlined in § 404.456. …
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 …
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 …
Understanding the Substantial Services Test for Self-Employed Individuals, § 404.447 Read More »
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 …
Understanding the “Substantial Services” Test for Retirement, § 404.446 Read More »
Navigating the world of earnings, particularly with respect to Social Security and self-employment, can be confusing. This blog post aims to simplify and explain the concept of earnings as it relates to wages, self-employment, and Social Security by breaking down the relevant legal provisions. Definition of Earnings: Earnings generally refer to the sum of wages …
As a worker, it is important to understand how your social security benefits are determined. https://www.ssa.gov/OP_Home/cfr20/404/404-0140.htm One of the most important aspects of this determination is the concept of a “quarter of coverage” or QC. A QC is the basic unit of social security coverage used in determining a worker’s insured status. In this blog …
Understanding Social Security Coverage: What is a Quarter of Coverage? § 404.140 Read More »