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Due to working while receiving social security.
Income allowed while on social security. Whether or not you ll have a portion of your benefits withheld by working and receiving social security will depend on two factors. Be aware that we are talking about social security income limits for retirement benefits not disability or ssi. Your age and your income. So let s look at our same examples in which you re receiving 14 000 in annual social security income and you work during the year you hit fra.
The earnings limit does not apply if you file for benefits at your full retirement age or beyond. If you take social security benefits before you reach your full retirement age and you earn an annual income in excess of the annual earnings limit for that year your monthly social security benefit will be reduced for the remainder of the year in which you exceed the limit. If you will reach full retirement age during that same year it will be reduced every month until you reach full.
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