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Retirement tax questions
Great question!
Once you reach full retirement age, there is no limit on how much you can earn and still receive your benefits. However, in the year you reach full retirement age, the earnings limit nearly triples to $59,520, and the withholding amount on dollars earned over that limit is not as steep.
The earnings limit reduction is temporary, and you'll eventually get that money back over time. When you reach full retirement age, your benefit increases to account for the reduction you had due to the earnings limit.
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‎June 26, 2024
1:38 PM