Will My Gross Or Net Income Count?
I am 63, taking early retirement. Planning on returning to work as a business owner, so, will my income regarding maximum allowable earnings be calculated on the gross or the net income?
Hi,
Assuming that your business income is reported as self-employment as opposed to wages from a family corporation, then your net self-employment earnings would be what counts for Social Security earnings test purposes (https://www.ssa.gov/planners/retire/whileworking.html).