What are the income limits while on Social Security?


Quick Answer

The earnings limit for Social Security recipients collecting early retirement benefits in 2015 is $15,720, according to the Social Security Administration. For those younger than the full retirement age for the entire year, Social Security deducts half of all eligible earnings beyond the income limit from benefit payments.

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Full Answer

For Social Security recipients who obtain full retirement age in 2015, the limit on earnings for the months leading up to retirement age is $41,880, according to the Social Security Administration. Once recipients reach the full retirement age, there are no earnings limitations for those collecting Social Security retirement benefits, notes Nolo.

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