Social Security Raises 2027 Earnings Limit to $25,560 for Retirees Under 67
Updated
Updated · AOL · Nov 8
Social Security Raises 2027 Earnings Limit to $25,560 for Retirees Under 67
3 articles · Updated · AOL · Nov 8
Summary
$25,560 is the new 2027 earnings threshold for Social Security recipients who work and will not reach full retirement age, up before benefit withholding begins.
Benefits above that limit are reduced by $1 for every $2 earned; someone making $32,000 in 2027 would have $3,220 withheld.
$67,920 is the separate 2027 limit for people reaching full retirement age that year, with $1 withheld for every $3 earned above it before their birthday month.
The SSA says withheld benefits are later recalculated at full retirement age, but workers must update earnings estimates to avoid overpayments they may have to repay.
The higher earnings limits come alongside a 3.6% 2027 COLA for nearly 72 million beneficiaries and a rise in the taxable wage cap to $192,300.