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Social Security & Medicare

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redstatebluegirl

(12,720 posts)
Thu Mar 11, 2021, 01:36 PM Mar 2021

I have a question. [View all]

I went to part time, and still took my Social Security. The past 2 years I only made $15,000 with my part time gig, this year, because I went on medicare when I turned 65, I did not have to pay my insurance with the university. My job ended in December of 2020. My W2 shows my income now at $19,500 which is more than I am allowed to make. What is the penalty? I am terrified I am going to have to pay $2000 dollars back to the feds. I have a ton of medical bills coming due soon.

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I have a question. [View all] redstatebluegirl Mar 2021 OP
I think the income limit is per year so I depends on if you made more than the limit you may owe. flying_wahini Mar 2021 #1
You should be mostly fine. drray23 Mar 2021 #2
According to forbes.com JT45242 Mar 2021 #3
yes correct and 2021 limit is 18960. drray23 Mar 2021 #4
Do you use software like TurboTax? PJMcK Mar 2021 #5
We use Turbo Tax, we just haven't done them yet. My husband is never in a hurry to pay them. redstatebluegirl Mar 2021 #7
He's a smart guy! PJMcK Mar 2021 #9
Thanks everyone. redstatebluegirl Mar 2021 #6
Beware! Backseat Driver Mar 2021 #8
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