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Retirement (2010)

If you've reached full retirement age (65 for people born prior to 1943; 66 for people born between 1943 and 1954), there is no limit to how much you can earn.

In the year you reach full retirement age, you can earn $37,680 annually, but for every $3.00 over the limit, $1.00 is withheld from your benefits until the month your reach full retirement age.

If you are under full retirement age, you can earn $14,160 per year without incurring a penalty. For every $2.00 over the limit, $1.00 is withheld from benefits.

Disability (2010)

Most people on Social Security Disability (SSDI) can earn a maximum of $1,000 per month, or $1,640 per month if blind. Any earned income in excess of that amount is considered Substantial Gainful Activity (SGA) and can result in temporary or permanent loss of disability status.

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13y ago
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12y ago

Maximum Social Security Benefit 2007Social Security incomeSocial Security is based on a sliding scale depending on your income, how long you work and at what age you retire. Social Security benefits can automatically increase each year based on increases in the Consumer Price Index. Including a spouse increases your Social Security benefits by 1.5 times your individual estimated benefit. Please note that this calculator assumes that you have only one working spouse. Benefits could be different if your spouse worked and earned a benefit higher than one half of your benefit. If you are a married couple, and both spouses work, you may need to run the calculation twice - once for each spouse and their respective income. This calculator provides only an estimate of your benefits.

The calculations use the 2007 FICA income limit of $97,500 with an annual maximum Social Security benefit of $25,392 per year for a single person and 1.5 times this amount for a married couple. To receive the maximum benefit would require earning the maximum FICA salary for nearly your entire career. You would also need to begin receiving benefits at your full retirement age of 66 or 67 (depending on your birthdate). Your actual benefit may be lower or higher depending on your work history and the complete compensation rules used by Social Security.

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12y ago

not getting your whole life stolen.....

NBD

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13y ago

The maximum earnings in the year 2010 for the earnings test for SSB recipients under full retirement age before repayment is $14160.

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15y ago

Regarding what? Lump Sum death payment? Retirement? Disability? You collect S.S. when you retire until you die. The more you paid into it, they more you get back.

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14y ago

For 2010 with one employer the maximum amount of salary that is subject to the social security tax is 106800 and the maximum social security amount to be withheld on the salary is 6621.60.

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3y ago

Six. ?

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Q: What is the maximum amount you can collect from Social Security?
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Related questions

What is the maximum 2004 social security withholding?

For the year 2004 the maximum earnings subject to the 6.2% social security tax was 87,900. For the year 2004 the amount was 5449.80 maximum contribution amount to the OASDI program social security benefit program.


What happen if you get married and you get social security not social security disability?

In this case you should notify the Social Security Office of your marriage. it might increase the amount of your social security benefit's, if your husband or wife also collect social security payments.


Maximum amounts of earnings subject to FICA taxes?

When you have one employer the amount of FICA for your social security would stop once your wages with the withheld social security amount reach 106800 and social security amount withheld would be 6621.60


What was the 1994 maximum Social Security withholding amount?

In 1990, the Social Security contribution base was $51,300. One Social Security work credit cost $520 in earned wages, for a maximum of four credits per year at $2080.


What is the 2008 social security tax base?

=== === The maximum amount of wages subject to Social Security tax for 2008 is $102,000. There is no limit on the amount of wages subject to Medicare tax.


Can you work while receiving social security disability If so, what is the maximum amount income allowed?

While receiving social security disability benefits, the maximum amount of additional monthly income allowed from working is $900 a month gross.


How does capital gains income affect social security?

That depends, if you're below the maximum amount of income that you can earn for that tax year, then it won't trigger a claw back of some of your social security. On the other hand, if your income is over the maximum amount you're allowed to earn, then the government will take the appropriate deduction from your social security.


What is the maximum amount that the IRS can take from your Social Security payments monthly?

They can take as much as they want.


Maximum amt of social security in 2010?

For the year 2010 the maximum amount paid in to the old age survivors and disability insurance program (SSB) with one employee would be wages of 106800 and social security amount withheld would be 6621.60 for the year 2010.


What is the earliest that you can draw Social Security benefits if you were born in 1952?

You can collect Social Security retirement benefits as early as age 62 in 2014, but they will only be approximately 75% of the amount you can collect at your full retirement age of 66, in 2018.


Why is there a limitation on the amount of money we have to pay tax on for Social Security and not for Medicare?

I'm not familiar with the legislative history behind this. However, one explanation would be that although there is a maximum Social Security benefit, there is no maximum Medicare benefit.


What is the maximum amount of pay for which social security taxes must be deducted in 2009?

about 674 us dollars