Q:

What is the Social Security earnings limit?

A:

Quick Answer

As of 2014, if a person is receiving Social Security benefits from retiring, there are two types of limits, which includes an early retirement limit of $15,720 before deductions begin and a $41,400 limit on standard retirement benefits. Disability benefits function differently, because a person can still draw full benefits during a trial month when attempting to return to work, with the trial month constituting any month where a person works more than 80 hours or earns more than $770.

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Full Answer

If a person hits the early retirement limit, then the United States Social Security Administration will reduce benefits by $1 for every $2 above the annual limit. Standard retirement reduces by $1 for every $3 that is earned above the limit.

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