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Heres a look at some other reasons you could see a lowerSocial Security payment.

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Medicare

Medicare can also play a part in how much you receive from Social Security.

You might choose to have the taxes withheld from your monthly benefit payment instead of paying at tax time.

This could apply to retirees who worked for state or local government agencies.

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This could happen if you qualify forSupplemental Security Income(SSI).

If they do, one or the other benefit will be reduced to get under the cap.

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