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Experts at Maximize My Social Security have answered more than 10,000 questions about Social Security over many years. Search for your questions and answers here.
Is It True That Social Security Will Not Deduct Any Money From My Benefits No Matter How Much I Earn Next Year?
A friend just showed me something from S. S. .. it states that in 2018 if I am 66 or older, that it won't matter how much money I make, that S. S. will not deduct money from my S. S. Is that true? I started drawing S. S. at 62. I had too much money as earned income doing the 2016 taxes and they deducted $200 for the total year of 2017.
Hi,
It's true that starting with the month that you reach full retirement age (FRA) you can earn any amount without losing any of your Social Security benefits (https://www.ssa.gov/planners/retire/whileworking2.html). Social Security could still make deductions from your benefits for other reasons, though, such as to recover a previous overpayment or for Medicare premiums.
Best, Jerry
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Posted:
December 14, 2017