{"id":5840,"date":"2025-04-21T05:50:35","date_gmt":"2025-04-21T09:50:35","guid":{"rendered":"https:\/\/www.ecoportal.net\/en\/?p=5840"},"modified":"2026-06-29T23:14:21","modified_gmt":"2026-06-30T03:14:21","slug":"new-official-statement-social-security","status":"publish","type":"post","link":"https:\/\/www.ecoportal.net\/en\/new-official-statement-social-security\/5840\/","title":{"rendered":"You can collect Social Security and keep working, but your age and earnings determine how much the SSA will deduct"},"content":{"rendered":"<p>According to the SSA, its primary purpose is to bestow financial protection and funding on citizens throughout their lives, especially during retirement and disability. Recently, the SSA released a new official statement regarding Social Security that might change everything, especially for retirees who <strong>still want to work<\/strong>. Some benefits will be affected by the official statement, but do not be too concerned, there are a few tips on how to claim your full benefits. Today, we will discuss whether you can collect Social Security and still work.<\/p>\n<h2>The new official statement that has everyone buzzing<\/h2>\n<p>Some may wonder, &#8220;Can I still work while receiving Social Security benefits?&#8221; In a nutshell, yes, you can. However, per the new official statement from the SSA, two factors will affect your total claimable benefits, i.e., your age and your total earnings.<\/p>\n<h3>Earnings<\/h3>\n<p>Per the SSA, your <strong>earnings can lower your total Social Security benefits<\/strong>. Your earnings can be classified as wages or net profit, including additional compensation such as bonuses, commissions, and vacation pay. The following are not seen as earnings: Interest or investment income, pension payments, annuity payments, or veteran, military, or other government benefits.<\/p>\n<h3>Your Age<\/h3>\n<p>Your<strong> current age to your full retirement age<\/strong> will determine the total you can earn before benefit deductions, as well as the calculation of the deduction. If you are younger than the full retirement age of 67, and your earnings are higher than the annual earnings limit, the SSA will deduct from your benefits. From the month of your full retirement age, the SSA will no longer deduct your benefits, no matter how much your earnings may be.<\/p>\n<h2>This is how much you could earn based on the new official statement<\/h2>\n<p>Below you will find the limits and the rules based on your age:<\/p>\n<h3>Younger than the full retirement age for the entire working year<\/h3>\n<ul>\n<li>The SSA deducts $1 from your benefit payments for every $2 you earn above the annual limit of $23,400.<\/li>\n<li>The entire year&#8217;s earnings are counted.<\/li>\n<\/ul>\n<h3>Turning the full retirement age in your working year<\/h3>\n<ul>\n<li>The SSA deducts $1 from your benefits for every $3 you earn above a different limit.<\/li>\n<li>The limit on your earnings for the months before full retirement age is $62,160.<\/li>\n<li>Only the earnings before the month you reach your full retirement age are counted.<\/li>\n<\/ul>\n<h3>At full retirement age in your working year<\/h3>\n<ul>\n<li>There are no limits to your earnings.<\/li>\n<li>The SSA will not deduct from your benefits.<\/li>\n<\/ul>\n<h2>Tips to manage your work and Social Security<\/h2>\n<p>You will pay Social Security taxes on your earnings as you continue working while receiving benefits. Up to <a href=\"https:\/\/www.ecoportal.net\/en\/fairness-act-social-security-gpo-wep\/3675\/\">85% of your benefits may be taxable<\/a>, depending on your combined income. Sometimes, you won&#8217;t pay taxes on your Social Security benefits. The SSA advises that you <a href=\"https:\/\/www.ssa.gov\/blog\/en\/posts\/2025-05-22.html\" target=\"_blank\" rel=\"noopener\">check your record annually<\/a> to determine whether your <strong>additional earnings will increase your monthly benefit<\/strong>. In the case of an increase, the SSA will notify you by letter of your new benefit amount.<\/p>\n<p>If you do decide to retire &#8220;early,&#8221; i.e., before age 67, your total benefits will be lower than the total benefits of full retirement age. You can retire at 62, but if you continue to work, we recommend holding off on claiming benefits until you reach full retirement age. This will increase total benefits for later, and you won&#8217;t have a temporary benefit reduction based on earning more than the income limit.<\/p>\n<p>The SSA only <strong>uses your highest 35 years of earnings<\/strong> when calculating your full retirement benefits. That means the benefits you claim whilst working will be recalculated on new, higher-earning years.<\/p>\n<p><a href=\"https:\/\/www.ssa.gov\/faqs\/en\/questions\/KA-01921.html#:~:text=You%20can%20get%20Social%20Security,we%20will%20reduce%20your%20benefits\" rel=\"nofollow noopener\" target=\"_blank\">According to the SSA&#8217;s official website<\/a>, you need to report changes in your earnings after you begin receiving benefits. Understanding the new rules and limits will ensure you <a href=\"https:\/\/www.ecoportal.net\/en\/wp-admin\/post.php?post=5502&amp;action=edit\">claim the full monthly benefits<\/a>, even if you continue working.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the SSA, its primary purpose is to bestow financial protection and funding on citizens throughout their lives, especially during retirement and disability. Recently, the SSA released a new official statement regarding Social Security that might change everything, especially for retirees who still want to work. Some benefits will be affected by the official &#8230; <a title=\"You can collect Social Security and keep working, but your age and earnings determine how much the SSA will deduct\" class=\"read-more\" href=\"https:\/\/www.ecoportal.net\/en\/new-official-statement-social-security\/5840\/\" aria-label=\"Read more about You can collect Social Security and keep working, but your age and earnings determine how much the SSA will deduct\">Read more<\/a><\/p>\n","protected":false},"author":14,"featured_media":5841,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rank_math_focus_keyword":"social security","rank_math_title":"","rank_math_description":"Recently, the SSA released a new official statement regarding Social Security that might change everything, especially for those who still want to work.","footnotes":""},"categories":[2],"tags":[],"class_list":["post-5840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/www.ecoportal.net\/en\/wp-json\/wp\/v2\/posts\/5840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ecoportal.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ecoportal.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ecoportal.net\/en\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ecoportal.net\/en\/wp-json\/wp\/v2\/comments?post=5840"}],"version-history":[{"count":0,"href":"https:\/\/www.ecoportal.net\/en\/wp-json\/wp\/v2\/posts\/5840\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ecoportal.net\/en\/wp-json\/wp\/v2\/media\/5841"}],"wp:attachment":[{"href":"https:\/\/www.ecoportal.net\/en\/wp-json\/wp\/v2\/media?parent=5840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ecoportal.net\/en\/wp-json\/wp\/v2\/categories?post=5840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ecoportal.net\/en\/wp-json\/wp\/v2\/tags?post=5840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}