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Social Security: Can I work and still get retirement benefits?

You can still work and get Social Security retirement benefits.

Social Security benefits form

However, it may lead to a smaller monthly benefit.

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Social Security: How much do I have to pay in taxes on my benefits?

What are the working limits?

If you haven’t reached your full retirement age (FRA) yet, there is a limit on how much you can earn before your benefits are reduced. For 2022, the earning limit is $19,560. If you earn more than that, the SSA will reduce your benefit by $1 for every $2 you earn over the limit.

If you will reach your FRA this year, the limit on your earnings before penalties is $51,960. Earning over this limit will lead to a $1 reduction for every $3 over the limit. However, this only counts earnings one month before reaching FRA.

The money you make from your job (either wages or self-employed) are counted as earnings. This means much of the money retirees depend on like pensions, annuities, investment income, interest, veterans benefits, or other government or military retirement benefits are exempt from the limit.

Tax refunds from the IRS in 2022 are bigger than before, and only getting bigger

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