Do I need to notify Social Security if I am receiving benefits and earn more than the annual earnings limit
The $19,560 cap is in effect when you work and receive benefits in a year before the one in which you reach , or FRA, which is 66 years and 2 months for people born in 1955 and 66 and 4 months for people born in 1956. If you will reach FRA in 2022, the limit is higher ($51,960) and the withholding lower ($1 in benefits for every $3 in earnings above the cap). When you hit full retirement age, the earnings cap . Past that date, there is no benefit withholding no matter how much you make from work.
Keep in mind
The earnings limit covers only income from work, including self-employment. Other forms of income, such as investment gains, or , do not count toward the cap. Updated December 23, 2021
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