2018年10月10日 · In 2025, if you collect benefits before full retirement age and continue to work, the Social Security Administration (SSA) will temporarily withhold $1 in benefits for every $2 you earn over $23,400. If you will reach FRA in 2025, the earnings limit goes up to $62,160 and $1 is deducted from your benefits for every $3 you earn over that.

2018年10月10日 · Once you reach full retirement age, the earnings limit disappears. Social Security will not withhold any money from any type of benefit, regardless of how much you earn from work, and will adjust your payment going forward so …

2018年10月10日 · The special earnings limit rule is an exception to Social Security’s earnings test — the cap on the amount you can make from work in a year without Social Security reducing your benefits. The cap only applies if you are under full retirement age , which is 66 and 8 months for people born in 1958, two months later for those born in 1959 and ...

2023年10月25日 · In 2025, the earnings limit for most Social Security recipients under full retirement age is $23,400 (up from $22,320 in 2024). Work income up to that level is exempt, but you lose $1 in benefits for every $2 in earnings over the cap. Suppose you have a part-time job that pays $40,000 a year.

2018年10月10日 · Suppose you turn 62 in 2025 and claim Social Security. Your monthly benefit is $1,200 and you earn $28,000 a year from a part-time job. For the year, Social Security withholds $2,300 from your payments (half of the $4,600 that exceeded the earnings limit). That works out to about two months of benefits lost.

2024年12月4日 · Social Security applies an earnings test to beneficiaries who have not yet reached full retirement age. People who collect retirement, survivor or family benefits before reaching that milestone and continue to work may temporarily lose a share of their Social Security benefits if their earnings exceed a certain level.

2018年10月10日 · No. Social Security defines “earned income” as wages from a job or net earnings from self-employment, and it only counts earned income in its calculation of whether and by how much to withhold from your benefits. It does not take into account pensions, retirement-account distributions, annuities, or the interest and dividends from your ...

2018年10月10日 · Yes. If you exceed the limit, which is $23,400 in 2025, $1 of your benefits will be withheld for every $2 you make above the limit. You must promptly tell Social Security how much you expect to earn so that the correct amount can be withheld.

2018年10月10日 · Here’s an example: You claimed Social Security in 2023 and will attain full retirement age in July 2025. From January through June 2025, your work income totals $65,000. Social Security would deduct about $947 from your benefits payable for those six months — one-third of the difference between $62,160 and $65,000.

2024年12月23日 · If you will reach FRA in a future year, the 2025 earnings limit is $23,400 (up from $22,320 in 2024). Social Security withholds $1 in benefits for every $2 in earnings above the cap. If you will reach FRA in 2025, the income threshold is $62,160 (up from $59,250). The withholding in this case is less: $1 in benefits for every $3 in earnings ...