how much can you make on social security

how much can you make on social security插图

Best answer


The Social Security earnings limits are established each year by the SSA. For 2020, those who are younger than full retirement age throughout the year can earn up to $18,240 per year without losing any of their benefits. After that, you鈥檒l lose $1 of annual benefits for every $2 you make above the threshold.

People also ask


  • How much can you Earn and still receive Social Security benefits?

  • But there’s a catch: If you elect to receive benefits prior to full retirement age, you can only earn up to $17,640 (the limit for 2019). Once you earn more than the limit, Social Security deducts $1 from your benefits for every $2 you earn.

  • What happens if you earn too much on Social Security benefits?

  • If you take Social Security benefits before your full retirement age, and you earn income in excess of the annual earnings limit, your Social Security benefit will be reduced until you reach full retirement age.

  • What are the Social Security earnings limits for 2020?

  • The Social Security earnings limits are established each year by the SSA. For 2020, those who are younger than full retirement age throughout the year can earn up to $18,240 per year without losing any of their benefits. After that, you鈥檒l lose $1 of annual benefits for every $2 you make above the threshold.

  • How does Social Security calculate your benefit amount?

  • Social Security calculates your benefit amount based on your earnings over the years, whether you were self-employed or worked for another employer. The more money you earned, the more you paid into Social Security鈥攁nd the higher your future benefits鈥攗p to certain limits.

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