You can earn a maximum of four credits each year. In 2010, the amount earned to accrue one credit was $1,120. This amount changes annually. Therefore, to earn four credits in 2010 you would need to earn a minimum of $4, 480. If you operate a home-based business while living overseas, you will need to file and pay your self-employment tax which will include a Social Security and Medicare payment. All credits earned will remain in your Social Security Account, even through years when you are not working or contributing. You can only earn.
