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MD Counties Want to take a peek into © 2010 |
*You pay $96.40 if you were receiving Social Security Retirement benefits before January 1, 2010. You pay $110.50 if you started receiving Social Security Retirement benefits from January 1, 2010. 2010 Maximum Allowable IncomeIn 2010, if you are collecting Social Security Retirement benefits and you are under retirement age, your annual maximum allowable income without losing $1 for every $2 earned is $14,180 except in the year in which you attain retirement age. In the year in which you attain retirement age, you may earn $37,680 in the months before your birthday. After that, there is no income limit. If you earn more than $37,680 during the months before your birthday in the year you attain retirement age, you lose $1 for every $3 earned.
Medicare Part B2009 Monthly PremiumsMedicare Part B premiums are based on income. If you filed an individual tax return for 2007 (Yes, 2007) and had a modifed adjusted gross income below $85,001, the monthly premium deducted from your Social Security check in 2009 was $96.40. If you didn't file for 2007, your tax return for 2006 was used by the Social Security Administration to tally your Medicare Part B/Original Medicare premium for 2009.
2009 Maximum Allowable IncomeIn 2009, if you were collecting Social Security Retirement benefits and you were under the retirement age, your annual maximum allowable income without losing $1 for every $2 earned was $14,180 except in the year in which you attained retirement age. In the year in which you attained retirement age, you could have earned $36,680 in the months before your birthday. After that, there was no income limit. If you earned more than $36,680 during the months before your birthday in the year you attained retirement age, you lost $1 for every $3 earned.
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