Social Security Questions? Ask a Social Security Expert
If you will reach full retirement age in 2016, the limit on your earnings for the months before full retirement age is $41,880. This does not mean the whole year.
Starting with the month you reach full retirement age, you can get your benefits with no limit on your earnings.
If you started after you reached full retirement age then you would not have your benefits reduced.
No one pays federal income tax on more than 85 percent of his or her Social Security benefits based on Internal Revenue Service (IRS) rules.
If you are single and your income (all wages and half SSA) is
more than $34,000, up to 85 percent of your benefits may be taxable.
If married filing joint (count your spouses income too)
more than $44,000, up to 85 percent of your benefits may be taxable.