I’m 63 and still working, and I receive Social Security benefits. Because of COVID-19 my employer has been giving us a $300 bonus, every 3 months. This will be $1,200 for the year and it will put me over the $18,240 earnings limit for this year. My question is, since these bonuses are COVID-19 related are they still considered earned income? My second question is, if I go over the limit does Social Security stop my check, even if it might be a portion of the check? Signed: Working During COVID-19
This recording presents the viewpoints of the AMAC Foundation’s Social Security Advisory Staff, trained and accredited under the National Social Security Advisors program of the National Social Security Association, LLC (NSSA). NSSA and the AMAC Foundation are not affiliated with or endorsed by the United States Government, the Social Security Administration, or any other state government. To request additional information, contact our Advisory Staff at 888-750-2622, or email us at [email protected].