✉news BusinessPersonal Finance first seen 3 h ago, last 1 h ago, peak #15
Social Security Earnings Limit Hits $65,160 in the Year You Reach Full Retirement Age
Original: The $65,160 Social Security Earnings Limit That Only Applies the Year You Reach Full Retirement Age
A special Social Security earnings limit of $65,160 applies only during the calendar year in which a worker reaches full retirement age. In that year, benefits are withheld above a set threshold earned before the birthday month, with a higher limit than the standard cap for those who claim early. Once full retirement age is reached, the earnings test no longer applies and withheld benefits are later credited back.
Why now: Retirees weighing when to claim benefits want to know how the year-of-full-retirement-age earnings rule affects their payments.
Social Security Administration
Evidence
- The $65,160 Social Security Earnings Limit That Only Applies the Year You Reach Full Retirement Age · 24/7 Wall St.
API: https://socialmediatrends-api.osmike.com/v1/trends/591531