Does selling a house affect social security benefits?
I have paid into social security all my working life. I am 67 and live in MA.
Answered 7 years ago|
There's no relationship at all. Collecting social security is purely age based--it has nothing to do with your employment status, your income, your investments, your capital gains, etc. In addition, any gains you recognize on the home that exceed the (rather large) amount you can exclude from taxes from the sale of your primary home would not be the type of income--i.e. salary or wage--that you have to pay social security or other FICA taxes on.
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