Category Archives: Uncategorized

Earnings Limits for Social Security Recipients Increased

Earnings Limits for Social Security Recipients Increased

If you work while collecting Social Security benefits, all or part of your benefits may be temporarily withheld, depending on how much you earn. However, those income limits increased slightly in 2019. Prior to reaching full retirement age, you will be able to earn up to $17,640 in 2019. After that, $1 will be deducted from your payment for every $2 that exceeds the limit. The 2019 annual limit represented a $600 increase over 2018’s limit of $17,040.

If you reach full retirement age in 2019, you will be able to earn $46,920, up to $1,560 from 2018’s $45,360 annual limit. For every $3 you earn over the 2019 limit, your Social Security benefits will be reduced by $1, but that will only apply to money earned in the months prior to hitting full retirement age.

Once you reach full retirement age, no benefits will be withheld if you continue working.