Ask Larry

What Is The Income Limit Before I Lose Any Benefits?

I am 62 receiving widows benefit as well as VA widows pention. I am planning on returning to work. What is the income limit before I lose any benefits from Social Security?

Hi. I don't know about VA benefits, but the amount that you could earn in 2021 without losing any of your Social Security benefits is $18,960. Social Security would need to withhold $1 of your benefits for every $2 that you earn in excess of that amount this year. The earnings test exempt amount is adjusted each year, and the exempt amount for 2022 won't be announced until later this year.

Best, Jerry

Category: 
Posted: 
Jul 30 2021 - 11:49am
MaxiFi software running on a laptop
Get What's Yours!
Discover tens of thousands in extra retirement dollars with Maximize My Social Security software!
  • Find your maximized strategy
  • Unlimited what-ifs
  • Step-by-Step filing instructions
  • Our software's lifetime-benefit increase for an illustrative couple earning $65K each and planning to take retirement benefits at 62.

    Results will differ based on your specific case and filing strategy.

Getting Started is Easy
Web-based software. Works on ALL browsers. No download.