Key facts
- Social Security retirement benefits can be received while working, but earnings limits apply before full retirement age.
- In 2026, the annual earnings limit is $24,480 for those under full retirement age for the entire year.
- Benefits are reduced by $1 for every $2 earned above the $24,480 limit.
- In the year an individual reaches full retirement age, the earnings limit is $65,160 for months before their birthday.
- Benefits are reduced by $1 for every $3 earned above the $65,160 limit before reaching full retirement age.
- Once full retirement age is reached, there is no limit on earnings that can reduce benefits.
- Withheld benefits are not lost and can lead to a recalculation and increase in future benefit amounts.
Individuals receiving Social Security retirement benefits before reaching their full retirement age may find their benefits reduced if their earnings exceed certain annual limits. For 2026, the earnings limit is $24,480 for those who remain under full retirement age for the entire year. For every $2 earned above this threshold, benefits are reduced by $1.