Asked in Social Security for Georgia

Q: If I get my first SS retirement check in June and I have already made 12,000 dollars for the year.

I know I'm only allowed 18,000 for the year at 64) do they go by calendar year for earnings for the first year? or am I only allowed to make 6, 000 more thousand for the year before I'm penalized??? how much will I be penalized..I'm worried about this

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1 Lawyer Answer
Susan Michele Schaefer
Susan Michele Schaefer
  • Social Security Disability Lawyer
  • Prattville, AL

A: If you are under full retirement age, Social Security deducts $1 from your benefit payments for every $2 you earn above the annual limit. For 2020, that limit is $18,240. Once you reach full retirement age, you can earn up to $48,600 in 2020 with no affect on your benefits. After that your benefits are reduced one dollar for every three dollars you go over. To figure out your full retirement age, see For more information see:,may%20reduce%20your%20benefit%20amount.

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