Changes coming to SSI in 2023, part six
This means retired workers who claimed before reaching FRA, and who won’t reach FRA in 2022, can have $1 in benefits withheld for every $2 in earned income above $19,560 ($1,630 per month) this year.
If you claimed early but are set to reach FRA in 2022, the SSA can withhold $1 in benefits for every $3 in earned income above $51,960.
This comes out to around $4,330 a month.
Due to the high inflation and strong wage growth, both income thresholds should jump for early filers next year.
It means you’ll be able to earn more without being penalized.
