Easy Seniors Club
  • Editorial Policy
  • Advertiser Disclosure
  • Frequently Asked Questions
  • Disclaimer
  • Home
  • Expert Advice
  • Saving and Spending
  • Taxes
  • Family Finance
  • Real Estate
  • Employment
  • Business
  • Banking
  • Health
  • Technology
Home›Taxes›6 Shocking Ways You Can LOSE Your Social Security Benefits

6 Shocking Ways You Can LOSE Your Social Security Benefits

By Our Editorial Team  |  Published April 18, 2023

Expert Verified

Our editorial team verifies all financial and lifestyle information for accuracy and relevance to senior living.

online gig, side job, lose
Photo by Ariya J from shutterstock.com

#4 Add high earnings to claiming early and you got yourself another cut

If you do not want to be on the list of people who lose out on part of their Social Security benefits, then you have to make sure that you keep an eye on your income and when you end up taking out the payments. After all, for some people, it is not a problem if they end up receiving a little bit less since they do not have the full retirement age. However, if you decide to claim early in order to have a little bit more income, you need to make sure how much you earn does not exceed a limit, or you will end up receiving fewer benefits.

If you still earn an income, then you will lose part of your money, and the check you will receive will be even less than you expected. It has been established that for this year, you can have a yearly income of up to $21,240 and you will not see any reductions, but if you earn more than that, the SSA will start withholding some money from your check.

The rule is that they will hold back $1 from the benefits for every $2 earned over the threshold. If you end up reaching full retirement age the year that you end up receiving payments, then the threshold moves to a yearly income of $56,520. And the reduction will be changed to $1 withheld for every $3 earned!

Pages: 1 2 3 4 5 6 7

10 responses to “6 Shocking Ways You Can LOSE Your Social Security Benefits”

  1. Sereda Knotts says:
    April 28, 2023 at 4:05 pm

    How do you find out how much a widows pension will be before you sign up?

    Reply
  2. Mark Weiner says:
    April 28, 2023 at 11:05 pm

    Another way to lose SS benefits (which I hope does not apply to any readers here): Move to a country that the USA does not have diplomatic relations with, such as North Korea, Iran (I think), and there are a few others.

    Reply
  3. Dominick Provenzano says:
    July 14, 2023 at 5:10 pm

    Did not know about ways we can lose Social Security. Please tell me what to look for or do.

    Reply
  4. Rebecca M Bender says:
    August 15, 2023 at 12:15 pm

    My husband and I have been married for 59 years this October. We inherited his family’s farm 30 years ago and paying taxes with very little income from it. My husband decided to sell it two years ago. I was relieved over our finances until we found out that our Social Security which would have been increased this year took a definite decrease after IRS informed Social Security about our income from the sale of the farm. With the proposed increase in SS benefits we would have been better off to have kept the farm and left it to our children. Now we are dependent on using money from the sale of the farm to live on. I know “life” isn’t fair, but it seems things never get better. just worse.

    Reply
  5. Jane Doe says:
    August 17, 2023 at 2:29 pm

    I think if anyone is caught selling or stealing other peoples medicine or on benefits getting caught doing those things should lose benefits.

    Reply
  6. Xavier Mireles says:
    August 19, 2023 at 12:47 pm

    Getting convicted of a felony.

    Reply
  7. Thomas Graham says:
    October 13, 2023 at 3:02 pm

    I have no idea that o could ever loss my SS

    Reply
  8. Lesego Lippe says:
    April 12, 2024 at 5:46 pm

    Thanks for giving me this information. As a matter of fact, I’m among those who have lost part of their Social
    Security earnings as of January 1, 2024. My monthly benefits shrunk from $1,015.70 to $579.60 without courtesy of a heads-up to expect the drastic change. I’m still waiting for the “why” to this unexpected act.

    Reply
  9. Shannon Smith says:
    May 16, 2026 at 7:42 pm

    i hope so

    Reply
  10. Margaret L. Jones says:
    July 7, 2026 at 11:14 pm

    Let me know about the new changes please.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Most Popular

  • Aldi Store
    15 Aldi Shopping Tips From Super Savers That You Have to Try January 22, 2021
  • florida
    Planning to Retire in Florida? Here Are 10 Places to Avoid! March 3, 2023
  • trump, Social Security in 2025, Trump's inauguration
    Social Security in 2026: 6 Major Shifts That Could Affect Your Benefits November 19, 2024

Top Picks

  • Senior woman sitting at a kitchen table with a mug, reviewing Medicare enrollment papers and mail.
    The New Medicare Enrollment Scams Making the Rounds This Fall September 3, 2026
  • A woman seated at a wooden table reviewing paperwork and a notebook beside a steaming coffee mug.
    How Much Will $2,000 in Benefits Actually Grow With a 3.5% COLA? September 1, 2026
  • A senior couple walks along a brick sidewalk lined with storefronts and a fountain in a scenic small town at sunset.
    11 Small Towns With Big Retirement Perks September 1, 2026

Quick Links

  • Expert Advice
  • Saving and Spending
  • Taxes
  • Real Estate
  • Family Finance

Newsletter

Get the latest posts delivered to your inbox.

Related Articles

retirement roth

12 Dos and Don’ts of Reducing Your Taxes in Retirement

A senior woman reviews financial documents with a laptop and calculator to find smart ways…

Read More →
reasons for reduced Social Security benefits

6 Worrying Reasons for Reduced Social Security Benefits

4. Any type of debt It’s never a good thing to have unpaid debts because…

Read More →
A sunlit desk with a calculator and blurred papers, symbolizing a senior planning their family's finances.

Will My Social Security be Taxed? A State-by-State Guide

State Taxes on Retirement Income: What to Know After figuring out your federal tax obligations,…

Read More →
low, retirement, Tax Withholding

6 States With the Lowest Taxes

Relaxing on a balcony overlooking the water, this man enjoys the financial freedom of living…

Read More →
A retired couple sitting at their kitchen table in morning light, looking at an IRS envelope with mild concern.

IRS Underpayment Penalty Letter: What Triggers It and What to Do About It

Received an IRS underpayment penalty letter? Learn what triggers Notice CP30 or CP14, how retirees…

Read More →
An older man in a navy sweater sits at a wooden table, thoughtfully studying a map of the United States with a pen in hand.

The States Quietly Taxing Social Security Benefits That Surprise New Retirees

Discover which 8 states still tax Social Security benefits in 2026 and learn strategic ways…

Read More →
inflation

12 Things You Can’t Deduct From Your Taxes

5. Business expenditures for employees On Schedule A, none of the costs that were covered…

Read More →
pink tax

The Pink Tax: How, When, and Why Women Paid More on Some Taxes

California and Pink Tax A year earlier than the New York law, the Californian Governor…

Read More →
inflation

2023 Taxes and Inflation: 5 Things To Know

3. Tax savings from the inflation adjustment – examples The ones that will benefit the…

Read More →

Stay Informed & Empowered

Get our weekly digest of financial tips, retirement updates, and expert advice for seniors delivered directly to your inbox.

Easy Seniors Club

At Easy Seniors Club, life starts at retirement!

Inedit Agency S.R.L.
Bucharest, Romania

contact@easyseniorsclub.com

Explore

  • Contact
  • Editorial Policy
  • Advertiser Disclosure
  • FAQ
  • Subscribe
  • Unsubscribe
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • Do not sell my personal information
  • Request to Know
  • Request to Delete
  • CA Private Policy

Categories

  • Banking
  • Business
  • Employment
  • Expert Advice
  • Family Finance
  • Health
  • Real Estate
  • Saving and Spending
  • Taxes
  • Technology

© 2026 Easy Seniors Club. All rights reserved.