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Old 01-25-2018, 10:29 AM
 
1 posts, read 1,742 times
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Each year, employers must send Copy A of Forms W-2 (Wage and Tax Statement) to Social Security BY NLT 31 January to report the wages and taxes of your employees for the previous calendar year. In addition, a Form W-2 must be given to each employee. Forms W-2 are sent to Social Security along with a Form W-3.


Social Security locks reported earnings submissions the next business day after 15 April in case IRS updates the earnings based on 1040 returns.


Social Security usually has everyone's earnings updated for the previous year by NLT 30 April.
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Old 03-10-2018, 04:17 AM
 
Location: Northern VA
510 posts, read 630,658 times
Reputation: 621
My 2017 earnings are now posted.

I have maxed SS Earnings since 2011 but I changed jobs and took a pay cut this year so I don't think I'll ever hit the max again. SS estimates my earnings to continue at max, so this is probably the highest estimated benefits I'll ever show. And I now have 38 years of earnings so my first three years of less than $1,000 earnings have dropped off.

Currently planning to retire at 62 and live off my military retirement and a small Federal pension while delaying SS as long as possible.

May 2014:
FRA (67) - $2,501
age 70 - $3,177
age 62 - $1,673

March 2015:
FRA (67) - $2,544
age 70 - $3,233
age 62 - $1,700

April 2016:
FRA (67) - $2,618
age 70 - $3,324
age 62 - $1,752

March 2017:
FRA (67) - $2,685
age 70 - $3,404
age 62 - $1,801

March 2018:
FRA (67) - $2,752
age 70 - $3,498
age 62 - $1,838
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Old 03-10-2018, 09:57 PM
 
1,734 posts, read 1,947,792 times
Reputation: 3901
Last year (for tax year 2016) - my 2016 earnings were updated on SS website on January 28th 2017.
This year (for tax year 2017) - my 2017 earnings were updated on SS website on February 3rd 2018.

Earlier years I didn't keep track when my earnings were updated. I'm now in the homestretch so it's
more pertinent.

I don't know why I bothered, really. My FRA amount went up a whopping $53. I'll take it.

Last edited by jane_sm1th73; 03-10-2018 at 09:59 PM.. Reason: typo
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Old 03-11-2018, 05:20 AM
 
Location: Northern VA
510 posts, read 630,658 times
Reputation: 621
My average FRA increase over the last 4 years has been $63.
Since I know I won't max SS earning this year, I'm curious to see the effect.
I expect to see a much smaller increase or even possibly a decrease.

On a side note, I did not realize until I saw my SS statement that the earnings limit had been raised to $127,200 for 2018.
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Old 09-19-2018, 06:45 PM
 
129 posts, read 58,984 times
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I just logged into SSA.gov and it still shows 2017 earnings as "Not Yet Recorded". This seems like a much longer lag than in years past. Is anyone else experiencing this?

I set up my "MySocialSecurity" account on the SSA site last year (after reading that hackers can create an account in your name if you don't do it first -- a good motivator). Soon after that, I also decided to do credit freezes at all three credit bureaus, but I don't think that would interfere with updating the earnings record. Filed my taxes in February and received confirmation they were accepted. This is the first year I recall it taking so long to update the earnings record, although it says it can take up to two years.
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Old 09-19-2018, 07:05 PM
 
Location: RVA
2,163 posts, read 1,264,175 times
Reputation: 4451
That is definitely not right. I would contact SSA.

2018 max is $128,400. $127,200 was 2017. Those are quite a bit higher than the adjusted maxes 35 years ago, so a $600/yr increase to PIA is not out of the question even for a 35 year max earner.
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Old 09-20-2018, 07:03 AM
 
Location: Northern VA
510 posts, read 630,658 times
Reputation: 621
Quote:
Originally Posted by wildflowers27 View Post
I just logged into SSA.gov and it still shows 2017 earnings as "Not Yet Recorded". This seems like a much longer lag than in years past. Is anyone else experiencing this?

I set up my "MySocialSecurity" account on the SSA site last year (after reading that hackers can create an account in your name if you don't do it first -- a good motivator). Soon after that, I also decided to do credit freezes at all three credit bureaus, but I don't think that would interfere with updating the earnings record. Filed my taxes in February and received confirmation they were accepted. This is the first year I recall it taking so long to update the earnings record, although it says it can take up to two years.
I would check with SSA. I've been checking my statements regularly since 2015 and the latest I've found my previous year's earnings posted was April 3rd. I'm sure it varies somewhat but I would certainly expect that they'd already be posted by mid September.
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Old 09-20-2018, 07:27 AM
 
129 posts, read 58,984 times
Reputation: 314
Thanks to you both, I will check with them. Had a hunch it shouldn't be taking this long..
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Old 09-20-2018, 07:41 AM
 
Location: DFW - Coppell / Las Colinas
31,966 posts, read 36,594,800 times
Reputation: 38542
I just filed my taxes about 30 days ago. This thread caused me to check SS and my 2017 earnings have already been updated. You may have a problem.
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Old 09-20-2018, 09:07 AM
 
129 posts, read 58,984 times
Reputation: 314
I just called Social Security at (800) 772-1213. Inputted my social security number, went through some prompts, and it said the hold time would be 45 minutes. I put it on speaker and got some things done while waiting. The hold time was right about that, and a nice fellow came on. This is what I learned: He said that Social Security updates the earnings records every March and October. He said I must have missed the March group, so the next update will be in October. He said to check again in November, and if it's still not updated to call them back. So that's the guidance, if anyone else's earnings record shows "Not yet recorded" for last year.
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