New Rules Detail Reporting of Earnings by Retirees
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Associated Press
WASHINGTON — About 1 million retirees who work to supplement their Social Security income no longer have to report their earnings to the Social Security Administration.
Under new regulations, the agency instead will get the information from W-2 tax reports received from senior citizens’ employers. The Social Security Administration needs to know what senior citizens earn from jobs so the agency can calculate any required benefit reductions.
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