Tax Law Highlights - 2012

Social Security - Allowed earnings - Under full retirement age


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.
Answer Provided by: CPAdirectory

Share This Answer

Looking For More?

View all Tax Law Highlights - 2012 Questions

View More Questions