Early Retirement income question

My wife and I are looking at claiming social security early due to job market issues. We are both working as School Bus Drivers mostly for the Insurance benefits. We both make under the $18,960 income limit through the schools. We have a rent house. Would the income from the rent house/investment property count toward the $18,960? If so, how does that work?

Honored Social Butterfly

Here is your answer from AARP

AARP 12/28/2020 - Can rental income reduce Social Security benefits? 


Just make sure you are claiming the rental income on Schedule E which then flows to Form 1040 - Schedule 1 under Additional Income. 

(see line 5 on Schedule 1 


It's Always Something . . . . Roseanna Roseannadanna
Showing results for 
Show  only  | Search instead for 
Did you mean: 

AARP Virtual Community Center 

Offering a wide variety of FREE interactive, online events and classes designed for learning, self-improvement, and fun. Learn More

Members Can Get Financial Help

Get help with student loan repayment & forgiveness. Join AARP today for just $12 per year with Automatic Renewal.

AARP Membership

AARP Rewards

Activate AARP Rewards to earn points for games, quizzes and videos. Redeem for deals and discounts. Get started with AARP Rewards now!

AARP Rewards Badge

Music and Brain Health

From soft jazz to hard rock - discover music's mental, social and physical benefits. Learn more.

Music and Brain Health