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However, there's a different earnings-test limit for people who will be reaching full retirement age in 2025 but aren't there at the start of the year. That limit is $62,160, up from $59,520 in 2024.
The general Social Security earnings-test limit in 2025 is $23,400 (up from $22,320 in 2024). You'll have $1 in Social Security withheld for every $2 you earn above that limit.
In this video, Matt Frankel, CFP®, discusses the newly announced 2025 Social Security earnings test limits, how it works, and what it means to you. The $ 22,924 Social Security bonus most ...
The maximum Social Security retirement benefit in 2025 will be $5,108 per month, or the equivalent of $61,296 per year. ... the earnings limit will be $176,100. Here are the earnings limits from ...
Income Limits 2024. Income Limits 2025. Benefit Reductions. If you're under FRA. $22,320 per year. $23,400 per year. $1 for every $2 over the limit. If you'll reach your FRA this year
For instance, the maximum taxable earnings limit increased to $176,100 in 2025, up from $168,600 in 2024. ... But a handful of little-known "Social Security secrets" could help ensure a boost in ...
For instance, if a retiree reaches FRA in October 2025 and earns $65,160 by September, their income is $3,000 over the high limit. One-third of the excess ($1,000) would be withheld.
It's normal for the earnings limit to increase most years, as it's designed to keep pace with cost-of-living changes. For context, 20 years ago in 2004, the limit was only $87,900 per year.