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Does severance pay count towards social security income?

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The simple answer is no. This was taken directly from the Social Security Website...
"After you retire, you may receive ­payments for work you did before you started getting Social Security benefits. Usually, those payments will not affect your Social Security benefit if they are for work done before you retired. This fact sheet describes some of the more common types of special payments, helps you to decide if you received any and tells you what steps to take if you did.
What qualifies as special payments...If you worked for wages, income received after retirement counts as a special payment if the last thing you did to earn the payment was completed before you stopped working. Some special payments to employees include bonuses, accumulated vacation or sick pay, severance pay, back pay, standby pay, sales commissions and retirement payments or deferred compensation reported on a W-2 form for one year, but earned in a previous year. These amounts may be shown on your W-2 in the box labeled "Nonqualified Plan."
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Do you have to count social security payment as income that you now have to pay back?

If you pay it back in the same year you received it, no. The taxable amount of benefits shown on your Form 1099-SSA will be automatically adjusted to account for repayments.

Do you have to pay income tax on social security income?

Yes. However, it is subject to a very complicated formula that takes into account what your total income is and takes into account certain non-taxable income such as municip

Does winnings from the casino count as earned income for my social security?

Gambling proceeds are not considered earned income if you do not report the income a self-employment income. Professional gamblers report gambling as self-employment income

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My CPA, has advised me, that you can take funds out of your 401k/IRA without any penalty or it being counted against your income. Bottom line, it is not counted as earned inco

Does gaming winnings count toward Social Security income?

No, only earned income is counted for Social Security purposes. Gambling winnings are only considered income if you claim the income a self-employment income. Professional g

Does social security count in income for earned income?

No, earned income includes wages, salaries, tips, other taxable employee compensation, and net earnings from self-employment. Earned income also includes strike benefits and a

Does income from an S corporation or LLC count toward the income you can earn besides social security benefits?

LLCs are what's referred to as "Pass through entities," meaningthat any profits it generates "pass through" to the principals.Because of this, there are no distributions, all

Does social security count towards income for ObamaCare?

Programs under the Affordable Care Act are for people aged 0 to 64 if you are in this age range you can be assessed through the exchange. There you can find out if you qualify