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If you earn more income than allowed under the social security early retirement rules, you will of course have to pay social security taxes as well as income taxes on that extra income and you will also have to return some of the money to social security. Doing this will actually increase your age 66 benefit because benefits you don't receive early result in a greater benefit at 66.
If you are under full retirement age for the entire year, social security will deduct $1 from your benefit payments for every $2 you earn above the annual limit. For 2016, that limit is $15,720.
In the year you reach full retirement age, social security will deduct $1 in benefits for every $3 you earn above a different limit. In 2016, the limit on your earnings is $41,880 but they only count earnings before the month you reach your full retirement age.
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I wish you and yours the best in 2016,