Under the earnings test, your earnings for a taxable year consist of:
The sum of your wages for services performed in the year; plus
All net earnings from self-employment for the year; minus
Any net loss from self-employment for the year.
Yes, we count your earnings for the entire taxable year in applying the earnings test. This is true even if you may not have been entitled to benefits for the entire year.
No, we do not count your earnings if they were earned in or after the month you reach FRA.
Last Revised: Jan. 17, 2003