I currently have SSDI and Medicare. If I decide to return to work, am I required to report that to Social Security and risk losing benefits?
According to Social Security regulations, if you are on SSDI and earning more than $700 a month (2009 figures), Social Security will enroll you in their nine-month Trial Work Period. If you work and do not report the income, Social Security will eventually find it by scanning your Social Security number at the Internal Revenue Service or the California State Tax Franchise Board. When that happens, they will retroactively apply the Trial Work Period to your earnings.
Related Questions
- I currently report all my use tax liability on my Franchise Tax Board (FTB) income tax return. Do I still need to register if I am a qualified purchaser under Revenue and Taxation Code section 6225?
- I would like to attempt to return to the workforce but I have been collecting Social Security Disability (SSDI) benefits. How will returning to work affect my collecting SSDI benefits?
- I currently have SSDI and Medicare. If I decide to return to work, am I required to report that to Social Security and risk losing benefits?
