Social Security sees your taxes from the IRS each year

Social Security sees your taxes from the IRS each year and recalculates if last year was high enough to knock out a lower earning year. Still don't expect to see a big increase in your Social Security check, just a tiny bit since 1/35 doesn’t make a big impact

[TheMedicareFamily]

Click on my picture, then use the link in my bio to get my FREE cheat sheet, workshop, calculators, and more!

[kenhedges]

Wait. I'm drawing SS but I'm still working? What's wrong with this picture?

[BrandonTran]

The SS site has a calculator. I put some very large numbers on there and it does make a difference but quite a tiny difference. I’m banking on my financial investment strategy, not social security. It’s such a small number.

[hopemares]

Good to know. I’m getting my deceased husbands right now but still working but trying not to go over their amount

[CA]

I’m going to guess for most people it would be very minimal. In the opposite sense I’ll have 5 yrs of zeros before I take SS and that only makes a 100.00 a month difference. So one higher yr prolly won’t do squat.

[ruthtorphy]

If your having a baby I would not worry about social security 😂

[darla]

But if you make more that 22k a year while drawing, every two dollars over that, you have to give one back.

[richb]

I already have 45 years on the books with 10 more to go till 70.
Right now I don’t plan on taking ss until 70 but that might change.

Do you know what month they recalculate? I made more in Dec 2023 after they calculated my payments I started as of 01/01/2024. I was told they recalculate once tax returns for 2023 are completed. I never received an adjustment.