5. The Social Security Administration has adjusted the exempt amounts for the earnings test
If you receive Social Security retirement benefits and haven’t reached full retirement age, your benefits may be reduced if your earnings exceed specific limits. This is commonly known as the retirement earnings test, and it can cost you plenty of benefits if you still go to work. Here’s what to expect in 2025 regarding the retirement earnings test exempt amount, as experts say:
Suppose you begin collecting your Social Security before you reach your full retirement age. In that case, you can earn up to $1,950 per month (or $23,400 per year) in 2025 without the Social Security Administration withholding any benefits.
However, for every $2 earned above this limit, $1 in benefits will be withheld. For 2024, the maximum exempt earnings were set at $1,860 per month (or $22,320 per year). This rule applies in the year you turn full retirement age, but only until the month of your birthday when you reach full retirement age.
Other than that, this also comes with much more forgiving terms. For instance, in 2025, you could earn up to $5,180 per month, which means $62,160 per year. That’s before the benefits are withheld, at the rate of $1 in benefits for every $3 earned above the limit, instead of every $2. In 2024, things were pretty different, and the threshold was $4,960 per month or $59,520 per year.
19 Responses
Social Security is in need of serious Reformation, IMHO!
SS is in need of some serious Reformation!
I’m just wanting to keep up with changes….
You are letting us know that there will be positive changes in SS in 2025, but it seems that Trump will change SS for the worse. Will anything you provided be true once he is in office on 21 January 2025?
Very helpful information. Thank you.
your news letter is a lot of words and short on news You like taking a long time to say nothing get over your self your not a good news team you kinda need to be retrained on whats news and importante !!!!!!!!!!!!
I appreciate the updated information.
What isn’t covered, is Medicare withholdings also go up and that decreases the amount one receives in Social Security.
Also my husband passed away four years ago. Because I made more in Social Security, I am not entitled to his Social Security. That should be changed. I still have to live within my income and that is difficult. His contribution would be a welcome assist and I’m sure I am not the only one who falls into this category.
WHAT CAN YOU DO IF YOU ARE –
1. A 61 YEAR OLD WOMAN
2- LOCKED OUT FROM THE TRAILER I OWN MARCH of 2024 ?
3- HOMELESS SINCE THEN
4- NO MONEY
5- NO CAR
6- ALL ALONE –NO ONE TO HELP ME
7- I AM LIVING IN A MOTELL UNDER CODE BLUE
8- WHEN THE WEATHER GOES ABOVE FREEZING I WILL BE KICKED OUT
I AM A NATURAL BORN IN AMERICA CITIZEN- MOM, DAD and BROTHER DECEASED
WHY HAS MY BURLINGTON COUNTY GOVERNMENT NOT HELPED ME FOR 10 MONTHS ?
very informative. gives me something to think about.
How about reducing the amount taken from my SSN for my Medicare? Not medicaid .
Por qué mi pensión fue recortada yo vivo bajo el nivel de pobreza
Unless tRump & his cronies/minions somehow change the law, we will no doubt see a significant COLA for 2026 because of the rampant inflation he is causing.
My husband died on Feb 26, 2024 and I applied for benefits from his account. It has been over a year and I still have no benefits that should be coming after his death since my own benefits are more than half what his are. My numerous calls to Social Security end by the person representing SS say I do not know how this works and will send it to my supervisor.
Got any ideas?
Thanks for information very informative
Please process.
I would like info what to expect when I retire at 69 0r 70 and then back to work if I decide. I am receiving ss benefits at 62 and I work Pt without medical benefits
I retired in 2015 when I was 65 1/5 with full benefits. I am a widow 86 yrs old and need more than the $2160.00 received monthly. I am at below poverty level. The value of the dollar was greater back in 2015 than it is today. With the 2.5 increase projected for 2025 is nice, however, my rent goes up 5% each year, and it is hard to keep up. Is there any consideration for increasing the monthly benefit more than the 2.5 % increase for the ones who retired 25 years ago ?
The cola for 2026 is a drop in the bucket compared to the cost of living