Tax Law Highlights - 2012

Social Security - Allowed earnings - Under full retirement age

Answer:

Retirees under full retirement age (ages 62 -66 ) can earn up to $14,640 without losing benefits. Your Social Security benefits would be reduced by $1 for every $2 you earned over the limit.
In the year you reach full retirement age, $1 for every $3 you earned above the $38,880 limit.
There is no limit when you reach the full retirement age.
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Answer Provided by: CPAdirectory

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