Full question: I work pastime. I am receiving SS retirement. They take out SS every payday. Will this be added to my benefits at the end of the year?

Hi there,

It sounds like you are affected by the earnings test, which applies to those who are

1. Younger than their full retirement age, FRA, (between 66 and 67),

2.Still working, and

3. Also collecting retirement benefits.

If the earnings test applies to you, the SSA will withhold a certain amount of your monthly Social Security checks depending on how much you earn over the threshold limits. The current earnings test threshold limits for 2024 are $22,320 for the years up to your year of FRA, and $59,520 for the year of FRA.

Once you reach the month of your FRA, the earnings test will no longer apply and SSA will recalculate and increase your benefit to account for the funds that were withheld during those years.

Take care,
Martha

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