In the years before you reach age 66 you can earn up to $16,920 without loss of benefits – effective 2017 (it is $15,720 in 2016). If you earn over $16,920 then SS withholds $1 for every $2 you earn over that amount. Example: You will earn $20,000-$16,920=$3080 over the allowable. 50%=$1540. You are due all your benefits for the year except for $1540.
Beginning with the month you reach age 66 you can earn as much as you like without loss of benefits.
The year you become age 66 – In the months before you turn age 66 you can earn up to $44,880 without loss of benefits. If you earn over $44,880 then $1 is withheld for every $3 you earn over that amount. Example: You will be 66 in October 2017. January through September you will earn $55,000-$44,880=$10,120 over the allowable. Divided by 3=$3373. You are due all your benefits January through September except for $3373.
This applies to everyone who receives any type of benefit at any age (even dependents under age 18) UNLESS the benefit is based upon the beneficiary being disabled. If the person is getting a social security disability benefit, a disabled adult child's benefit or a disabled widows/widowers benefit then this does not apply.
It also doesn't apply to SSI which is the federal welfare program.
REPORTING INSTRUCTIONS: If you KNOW you will earn over the allowable amount you are supposed to report it immediately to avoid being overpaid. You are supposed to give as accurate estimate as is possible; most people over-estimate since they would rather be owed money than be overpaid. So if you know, for example, that you are going to work and earn $18,000 in 2017 then you should report it now. Once the excess is withheld they will release benefits to you. You can report changes at ssa.gov or by calling 1-800-772-1213 or by writing or visiting your nearest office. If you write make sure your SSN is on the correspondence.
It is too complex to answer without more data. Go to the SSA website, read the rules and apply them to your situation.
No such thing. Simple.
U can READ the website and figure it out.
Wealthy and poor people get SS check
The formula is on their website