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Financial Learning Center

Your Social Security Benefits

How Much Can You Earn without Reducing Your Benefits?

The amount you can earn annually from wages and salary without reducing your Social Security benefits is limited until you reach full retirement age.

Other types of income including pensions, 401(k) plan and IRA withdrawals, severance payments, dividends and interest, and workers compensation are not included in the earnings limitation. The limits are as follows:

If you are between 62 and your normal retirement age, and earn more than $17,640 in 2019 ($17,040 in 2018), your benefit will be reduced $1 for every $2 you earn over that amount.

If you are at or over your normal retirement age, there is no reduction in benefits.

If you reach normal retirement age in 2019, your benefits will be reduced $1 for every $3 you earn over $46,920 ($45,360 in 2018) for all months prior to the month you attain normal retirement age. The earnings limit does not apply beginning with the month you reach normal retirement age.

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