My 2 daughters and I receive monthly survivor benefits monthly. I have not worked since my late husband death and am now able to go back into the work force. I was told I could work as long as I don't over a certain amount additional to what we receive every month. I was also told if I did go over that specified amount I would owe back the money at the end of the year to Social Security.
I have 2 questions now, One, Ive been reading that if I go over specified amount monthly my girls and I would lose our benefits all together monthly, is that correct? Because we have to have both monies coming in as it is getting harder and harder to live on the benefits alone and we barely make it with that alone.
SECONDLY: Is there a form I need to get to put down my hourly wage and how many hours I work to submit to Social Security office? And if so, can I print it off of this site or do I have to come down the local office and get the form?
Social Security survivor benefits and work
I thought there might be a "special" rule for survivor beneficiaries with children, but it seems that the following more "general" rule applies :
If you are under the Full Retirement Age (FRA) when you start getting your Social Security payments, $1 in benefits will be deducted for each $2 you earn above the annual limit. For 2012 that limit is $14,640; in 2011 the limit was $14,160.
In the year you reach FRA, $1 in benefits will be deducted for each $3 you earn above the annual limit up to the month of FRA. For 2012, the limit is $38,880; in 2011, the limit was $37,680.
FRA for you is likely age 66 or higher.
Please contact the SSA for your case.
http://ssa-custhelp.ssa.gov/app/answers/detail/a_id/302