Tax Law Highlights - 2012

Social Security - Allowed Earnings - Under Full Retirement Age

Retirees under full retirement age (ages 62 -66 ) can earn up to $14,640 without losing benefits. Your Social Security benefits would be reduced by $1 for every $2 you earned over the limit. In the year you reach full retirement age, $1 for every $3 you earned above the $38,880 limit. There is no limit when you reach the full retirement age.

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