You can only earn so much money and receive reduced Retirement Insurance Benefits [RIB] at or after the age of 62. In 2024, the annual earnings limit when you receive benefits before full retirement age is $22,320. Going over that amount will result in a $1 deduction in your benefits for every $2 that you earn over the $22,320 limit.
Don't ignore an overpayment situation with Social Security. Contact SSA as soon as you can to see if you can get the amount waived or if you can set up a payment plan. SSA is not wrong very often but mistakes can be made. The agency will work with you to resolve the issue. This holds true for overpayments of Title II (T2) Disability Insurance Benefits [DIB] and Title XVI (T16) Supplemental Security Income, too. Keep in mind that these rules exist to protect the integrity of the programs SSA administers for everyone.
Like most lawyers and other claimants representatives, I work on disability claims, not overpayments.
When you reach full retirement age you can work with limitation on earnings or reductions in benefits.
Helpful links:
To find your local Social Security office:
Thanks, JM, for your call this morning about this!
07/25/2024
(c) 2024 William J. La Croix
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