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If I am 66 and7months old can I draw SS and still work. Is…

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If I am 66...

If I am 66 and7months old can I draw SS and still work. Is there a limit on what I can make per yr?

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Submitted: 6 months ago.Category: Social Security
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Answered in 1 minute by:
1/3/2018
Social Security Expert: TaxRobin, Tax Preparer replied 6 months ago
TaxRobin
TaxRobin, Tax Preparer
Category: Social Security
Satisfied Customers: 18,183
Experience: 15+ years in tax preparation and instruction
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Hello, I'm Robin. Welcome to JustAnswer. I'm reviewing your question now and typing up my reply. I'll post that in just a few moments.

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Social Security Expert: TaxRobin, Tax Preparer replied 6 months ago

You are at full retirement age so your benefits would not be reduced.

If you are younger than full retirement age and make more than the yearly earnings limit, your earnings may reduce your benefit amount. (Full retirement age is 66 for people born between 1943 and 1954. Beginning with 1955, two months are added for every birth year until the full retirement age reaches 67 for people born in 1960 or later.)

  • If you are under full retirement age for the entire year, we deduct $1 from your benefit payments for every $2 you earn above the annual limit. For 2018, that limit is $17.040.

  • In the year you reach full retirement age, we deduct $1 in benefits for every $3 you earn above a different limit. In 2018, the limit on your earnings is $45,360 but we only count earnings before the month you reach your full retirement age.

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