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Show Earnings Increased Yviinout BeneLt Deductions .beguiling in icuo, uie ouual SeCumy viuc'jiuiuciua ox xoo( fctUSCS J.1UM1 ipXtUO lO fXVOlJ Uie auiuuui ui loiai e timings a social security ueueuciary May iidve in a year wnnoul any ui uia uencxiis WniuieiU, rwcoier x. ruwcxi, iiouicl lvid4iagei' ill tiUvu, uiau, ail-nounceu ail-nounceu louay. xxe jiu.mcu out tiicti mis nev iioviaiuii ay piiea lo an uiuiiuuy oeneiic-laxies oeneiic-laxies uiiuer age iz uui not to any peiaon who is icouv xng ucncxiio uecause ne is Uis- auxcu. luuul xuiu'o will oe ttpyi.ea witeji people Vviiu are leccimlg iMncmis uecaue Ox iiieu' u.oauiiiiy iCcuiii to worn.) xno Deiiefits will be withheld with-held ix earnings are no more tnau iuoj in j.3od. ,u yyur toiai earnings eAceed $iudu, $L may oe Wiumeia irom your bfiwxits (ana uiose ot your wue and cmiuren who receive benents on your account; for eacn $2 of earnings between $1680 and $28d0, $1 in benefits bene-fits may be witnneid lor each $1 of earnings above $2880. Since the retirement test is still applied on a monthly basis, no benefits would be lost for a month in which you neither earn over $140 in wages wag-es nor perform substantial services as a self-empioyed person. As under previous law, beginning with the month in which you are age 72 no benefits ben-efits will be lost regardless of how much you earn. Due to the new earnings test, it is important that people of retirement re-tirement age realize that they may be able to collect some soc.al security benefits although al-though they are still employed. |