Are unemployment benefits considered “earnings” to Social Security?
Iâve been collecting unemployment in California since Jan 1, 09. Iâll reach full retirement age in October and am about to apply for Social Security. I realize that will not interfere with unemployment, since Iâm still looking for a job.
Should unemployment payments be included in the amount I give to SS to project my total earnings for 2009? They consider unemployment âUnearned Income â, and state that amounts shown must be earnings âthat are covered by Social Securityâ. If my claim is extended into next year will unemployment payments amount count towards what Iâm allowed to make while on SS?
I didn’t know the answer, but I did find this AARP Bulletin, which says unemployment benefits are not counted as wages with regard to SSI benefits.
But although California won’t reduce your unemployment benefits because of social security .. not every state is the same.
Everyone should double check how their individual state treats different kinds of incoming money.
Click the current year, then Nonmonetary.
If you find this site helpful, Donations are glady accepted.
Comments for Are unemployment benefits considered “earnings” to Social Security?