What happens if I am collecting Social Security and still working before my FRA?

Published: March 28, 2023

Full question: I would like to file at 66 and 1 month for a birthday of 02/20/1957 but I’m still working. Is there a different tax rate if I’m not on my full age of 66 and 6 months? I’m going to continue working even longer but I need the money.


Thank you for reaching out.

If you are between the ages of 62 and your FRA (Full Retirement Age) of 66-6 months, collecting Social Security benefits and also still working, you will be subject to the earnings test.

The earnings test limit for the year that you reach FRA is $51,520/yr., or $4,710/mo. For every $3 you earn over that amount, $1 will be withheld from your Social Security check.

The payroll tax rate remains the same when working whether you are collecting benefits or not.

If you need more personalized assistance, please reach out to us at help@rssa.com to schedule a consultation.

All the best,

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