Q: Hello, I took early social security before 65, what is the max earnings allowed for working with no penalties?
A: if you take early Social Security benefits before reaching full retirement age (which varies depending on your birth year), there is an earnings limit that can affect your benefits. In 2021, for example, if you are under full retirement age for the entire year, you could earn up to $18,960 per year without affecting your Social Security benefits. If you earn more than this limit, your benefits may be reduced by $1 for every $2 earned above the limit.
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