Social Security Earnings Test Exemption Calculator
Calculate benefit withholding if working before FRA.
Earnings Test Status
Current Age:63
FRA:67.0
Test Applies:Yes
Earnings test applies before FRA. After FRA, no earnings limit.
2024 Earnings Limits
Under FRA:$ 22280
FRA Year:$ 59460
Monthly (Grace Year):$ 1860
Applicable:22280
Under FRA: $1 withheld for every $2 over. FRA year: $1 for every $3.
Withholding Calculation
Earnings:$ 25000
Excess:$ 2720
Rate:$1/$2
Withheld:$ 1360
Months:2
Benefit:$ 1200/mo
SSA withholds full monthly benefits until excess earnings recovered.
Annual Benefit Impact
Annual Benefit:$ 14400
Withheld:$ 1360
Net:$ 13040
Benefits withheld but not permanently lost - adjusted at FRA.
FRA Adjustment Credit
Months Withheld:2
Credit at FRA:2 months
At FRA, SSA recalculates benefit to credit withheld months. Not permanently lost!
Earnings Test Key Points
- Test applies before FRA only
- 2024 limit: $22,280 under FRA
- 2024 limit: $59,460 in FRA year
- $1 withheld for $2 over limit
- Grace year: monthly test available
- Monthly limit: $1,860 in grace year
- Benefits not permanently lost
- Credit added at FRA
- Report earnings to SSA
- Self-employment: different rules