Social Security Questions? Ask a Social Security Expert
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No, there's no hardship excuse, since you are not loosing your benefits. Your benefits will be reduced until you reach full retirement age next July. Starting January 2017 your cap will be much higher and you get your full benefits. Just let the social security know so they adjust your benefits accordingly and you do not have to deal with over payment.
On the other hand, your benefits are reduce $1 for each $2 you earn. You are still better off earning more than less, despite the reduction. And as I already mentioned, the benefits are not lost, just deferred until 66.
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