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12. Net Earnings From Self-Employment

Excerpted from "Social Security Handbook". See the up-to-date, official Social Security Handbook at



There are 11 Comments

I was born in July of 1942. Is there an amount I should not earn. Can I earn too much and will my benefits be affected?

I received a letter saying that since I am turning 66 in Jan. 09 that I will be able to earn ANY AMOUNT by working and it will not affect my social security check each month or for the year. Is this true? I thought that I had to be older due to old rules?

I am 62 and if I retire this year how much money can I make before my SSI is affected.

So you plan on receiving both SSI and Social Security retirement benefits?

my ssa counselor in baltimore indicated I can make up to $14,160 a year without penality. Since I am unable to reach her by phone i will ask you. My state of MD. government retirement will abount to $1,150 a month with $107.00 taken out for tax's. My question is; is the state retirement income i receive counted in the max I can earn (14,160.00). If so $13,812.00 (yearly state retirement amont) this would mean I can earn only $348.00 a year working part time somewhere. Please tell me this is not the case.

thank you

Michael B

Assuming you're discussing retirement benefits, note that only your wages count toward Social Security’s earnings limits.

Your age is also a factor here. If you were born January 2, 1943, through January 1, 1955, then your full retirement age for retirement insurance benefits is 66. If you work and are full retirement age or older, you may keep all of your benefits, no matter how much you earn. If you are younger than full retirement age, there is a limit to how much you can earn and still receive full Social Security benefits. If you are younger than full retirement age during all of 2009, we must deduct $1 from your benefits for each $2 you earned above $14,160.

See here for details :

I am 65 years old and plan to retire at age 70 from my current employment where I pay social security. I have earned enough credits in this job and others to qualify for social security. I retired seven years ago from the Texas Teacher Retirement System. Will my former retirement affect my social security payments?

There is something called the "The Windfall Elimination Provision" which may affect you.

The Windfall Elimination Provision primarily affects you if you earned a pension in any job where you did not pay Social Security taxes and you also worked in other jobs long enough to qualify for a Social Security retirement or disability benefit.

See here for details :

i was injured at my place of employment in 1997 i received ssi until i turned 66 (6/1943) i receive under 570. in benfits now however i feel i schould be receiving more as i hade worked for 30 years. what can i do to see if i schould be receiving a different amount?

thank you

Yes, there's a good chance you can receive more from your Social Security retirement benefit.

For example, I used the following calculator :

I plugged in your birth date of 6/1943, and used a 1997 wages of $30,000. Based on this, your estimated retirement benefit would be $1,457 per month.

If you use the above calculator you can change the wages and other parameters.

There are other calculators here :

So I would contact Social Security directly to inquire about retirement benefits.


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