Recently I tried to break down the complicated way that military personnel earn their Social Security benefits through their service. But there’s one part of this equation that’s so confusing I thought I’d go into it in more depth – extra credit earnings.
Extra credit earnings are exactly what they sound like. They are types of work that military personnel can engage in that earn them more than the standard amount. Basically, because they’re deemed to be doing more or harder work, they’re getting a bonus.
Specifics of Military Extra Earnings Credits
The first thing that current and former military personnel need to know about these extra earnings credits is that they only apply to periods of active duty, and only for the time period between 1957 and 2001. Beyond that, this “special” pay is only offered under specific circumstances. What are they, and how much should you get?
1940-1956. Even though military personnel didn’t pay Social Security taxes throughout this period, some veterans in some circumstances may be able to qualify for an additional $160 in earnings each month.
1957-1977. For every three-month period in which you received active duty pay during this time, you should receive an extra $300 in Social Security benefits.
1978-2001. You can earn up to $1,200 extra in benefits each year by being credited $100 for every $300 in active duty pay you made.
Enlistment after September 7, 1980. Those veterans who didn’t begin their service until after this date may not qualify for extra credit if they didn’t finish their full tour or engage in active duty for at least 24 months.
For a free legal consultation, call 800-562-9830
Additionally, our free Social Security disability eBook answers all kinds of Social Security questions, and we also strive to keep our audience up-to-date with the latest in Social Security news on our blog. Call us toll free or arrange for a free case evaluation with a Social Security disability attorney.
Call or text 800-562-9830 or complete a Free Case Evaluation form
