Ask The Experts: Retirement

By Reg Jones

Earning cap: Gross or net?

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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.

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Comments

  1. Gail Says:
    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.

  2. 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.”
    http://www.socialsecurity.gov/pubs/10069.html#count

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