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Student Earned Income Exclusion Amount

Enter the amount that you are claiming as Student Earned Income Exclusion. Exclude the full amount of your earnings up to $1,700 each month until you reach the yearly limit of $6,840, if the situation uses a date during calendar year 2012. These limits were $1,640 monthly and $6,600 annually in 2011.

NOTE: If you are married and you and your spouse are both students under age 22, your combined earnings are subject to the above monthly and yearly limits. See the explanation below.

The SEIE applies to earnings deemed from a spouse who does not get SSI and who is a student under age 22, or earnings deemed from parent(s) who are students under age 22, and it applies jointly to the earned income of eligible couples when both members are under age 22. If both members of a couple or both deemor parents are students, the SEIE applies only once to the combined earnings of the couple/parents. (The SEIE does not apply when one member is a non-working student and the other member works but is not a student.)

Prior Year Limits

For other years, use the limits in the table below:

Effective Date	Monthly	Annual
January 2012	$1,700	$6,840
January 2011	1,640	6,600
January 2010	1,640	6,600
January 2009	1,640	6,600
January 2008	1,550	6,240
January 2007	1,510	6,100
January 2006	1,460	5,910
January 2005	1,410	5,670
January 2004	1,370	5,520
January 2003	1,340	5,410
January 2002	1,320	5,340
January 2001	1,290	5,200
2000 or earlier	400	1,620

If you can not figure the exact amount of your SEIE at this time, you may estimate. To use an estimate, 1) click the estimate button; AND 2) enter your best guess in the correct box.

Source

Some information for this topic was drawn from the SSA website at:
http://www.socialsecurity.gov/legislation/legis_bulletin_030404.html
http://policy.ssa.gov/poms.nsf/lnx/0500820510
http://www.ssa.gov/pressoffice/factsheets/colafacts2011.htm

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