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Social Security only considers earned income from an employer or self-employment, up to a cap of $106,800.00, to count as income for their purposes.

Typical sources of unearned income include:

  • inheritance
  • pensions (from other sources)
  • income from investments
  • income from annuities
  • IRA distributions
  • interest earned
  • 401(k) distributions
  • proceeds from the sale of a home or other property
  • other government payments
  • etc.

These sources of financial support do not affect the amount of your monthly benefit check, nor are they subject to being taxed under FICA.

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Q: What is considered income while receiving social security?
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