By Reg Jones
Q: Is the $14,160 earning limit on early retirement gross, or net? I am self-employed and have expenses. I do not net more than $14,000.
A: The earning limit is the gross amount of your income, not the net.
August 25th, 2010 at 12:18 pm
What Earnings Count?
If you work for someone else, your gross wages count when we calculate your earnings deductions. If you are self-employed, we count only your net earnings from self-employment.
Don Cheney Says:
June 1st, 2011 at 2:35 am
Gail is correct. “If you are self-employed, we count only your NET earnings from self-employment.”