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Social Security income can impact your eligibility for subsidies under the Affordable Care Act (Obamacare). When calculating your modified adjusted gross income (MAGI) for subsidy eligibility, Social Security benefits are included. If your total income, including Social Security, is within the federal poverty level range, you may qualify for premium tax credits and cost-sharing reductions to help lower your health insurance costs. However, if your income exceeds that range, you may not qualify for these financial assistance options.
What else can I help you with?
If you turn 65 and begin getting social security retirement benefits does that decrease your spouses social security retirement check that he has already been getting?
No the social security payment amount that you are qualified to receive will not have any affect on the amount of your spouses payment amount that he is already receiving
Worker get increase in social security affect GDP?
It probably would affect GDP because people getting social security would have more money to spend so they would be able to buy more goods and services. Have a look at GDP in Wikipedia for more information.
How does capital gains affect social security?
Capital gains are not considered wages. Therefore, they have no affect on eligibility of social security.
How would the health care reform bill affect tax payers?
It will make everybody pay more to support those who do not have health care. That is why I hope Obamacare is overturned!
Can credit affect getting a new job?
yes it does affect getting a new job.
Does your wife's income affect your social security?
Absolutely. It affects her Social Security only.
What are the security concerns that affect the youth in Africa?
"Youth perception of Human Security in Africa" "Youth perception of Human Security in Africa"
Can you work and it not affect your wife who is on social security?
yes
Can Home bancruptcy affect getting my insurance license?
Can a home bankruptcy affect getting my insurance license?
How will mineral rights lease payments affect your social security benefits?
The amount of money an individual received from Social Security depends upon his past earnings. It is supposed to help pay for their food, rent and other needs and other earnings from other sources should not affect your social security benefits. If in doubt contact your local Social Security Office The answer to your question should be, it will not affect your social security benefits
When you get married will your social security payments go down?
Getting married does not directly affect your Social Security payments; however, it can impact your benefits if you are receiving spousal or survivor benefits. If you are eligible for a higher benefit based on your spouse's earnings, you may receive an increase. On the other hand, if your combined income exceeds certain thresholds, it may affect taxation on your benefits. It's best to consult the Social Security Administration for personalized information based on your situation.
Does 401K income affect social security benefits?
yes
