If your earnings will be more than the limit for the year and you will receive retirement benefits for part of the year, we have a special rule that applies to earnings for one year. We only count your earnings up to the month before you reach your full retirement age, not your earnings for the entire year.
In 2023, this limit on your earnings is $56,520. In the year you reach full retirement age, we deduct $1 in benefits for every $3 you earn above a different limit. If you are under full retirement age for the entire year, we deduct $1 from your benefit payments for every $2 you earn above the annual limit. If you are younger than full retirement age and earn more than the yearly earnings limit, we may reduce your benefit amount. However, there is a limit to how much you can earn and still receive full benefits. You can get Social Security retirement or survivors benefits and work at the same time.
When you begin receiving Social Security retirement benefits, you are considered retired for our purposes. How Much Can I Earn and Still Get Benefits? If you receive survivors benefits, the additional earnings could help make your retirement benefit higher than your current survivors benefit.
