I had a freind who is going to get on SS ask if you make 1350 a month and still work will they deduct money from you?

I have no idea thought maybe some of y'all may be able to answer

SS has a website with a pretty comprehensive FAQ. Have your bud sign on to the site.

More information is needed. Off the top,
how old is the friend ?
a. is the $1350 his SS amount
b. or is the $1350 what he will earn monthly while collecting SS

Uncle Zeek will have more questions I'm certain.

this pretty much lays it out.



https://www.ssa.gov/benefits/retirement/planner/whileworking.html

Beginning with the month you reach full retirement age, your earnings no longer reduce your benefits, no matter how much you earn.

BUT . . . . . . "They" (The I.R.S.) can make a portion of SS benefits received taxable. Ask me how I know........

Thanks

it's not real plain. I am trying to find out if you make 25,000 gross and have 20,000 worth of losses do they calculate your money on the gross amount and fine you on the 25,000 if it's over or do they recognize the loss and let you go without the overpayment.

"They" (The US Congress.) can make a portion of SS benefits received taxable.

Fixed it for you. The IRS collects taxes, the US Congress makes you pay taxes.

how old is the ss beneficiary? full retirement makes a difference over less than.

if under 66 and 8 months . can earn 1630 per month with no penalty . gross pay off of paycheck is what counts

When we figure out how much to deduct from your benefits, we count only the wages you make from your job or your net profit if you're self-employed. We include bonuses, commissions, and vacation pay. We don't count pensions, annuities, investment income, interest, veterans benefits, or other government or military retirement benefits.

Quick answer is, if his monthly earnings from his job is $1350 a month then it is well below the Social Security “earnings test” so no money will be withheld from his SS payment. The limit on anyone under their full retirement age is $21240 for the year 2023. Hop's link spells it out in detail. If you haven't signed up for a login to the SS website, I strongly recommend you do so as it contains a lot of good information, such as your earnings history, an easy to use calculator to determine estimated benefits at different retirement ages etc...

I had to read that link 3-4 times back when it mattered to me, takes a time or 2 to figure it out.

I will never draw SS, thank goodness we were exempt, is SS tax exempt?

No, SS benefits are taxed.

File a federal tax return as an "individual" and your combined income* is

between $25,000 and $34,000, you may have to pay income tax on up to 50 percent of your benefits.
more than $34,000, up to 85 percent of your benefits may be taxable.

File a joint return, and you and your spouse have a combined income* that is

between $32,000 and $44,000, you may have to pay income tax on up to 50 percent of your benefits.
more than $44,000, up to 85 percent of your benefits may be taxable.