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How much can you earn in 2011 while collecting social security at 63 years of age?
Wiki User
∙ 13y ago
You can earn any amount and still collect some of your SSB at the age of 63 but if you earn more than 14160 in the year 2009 or 2010 the earning test amount will apply to above this amount until the year that you reach your FRA the earnings test amount will apply and the amounts usually change each year.
Go to the SSA gov web site and use the search box for EARNINGS TEST AMOUNT
Click on the below Related Link
Wiki User
∙ 13y ago
Wiki User
∙ 13y agoEarnings limits for 2011 are unchanged from 2010.
The earnings limit for 2011 for people below full retirement age (65 for people born before 1943; 66 for those born between 1943 and 1954) is $14,160.
If you retire at age 63, you can earn any amount before retirement without incurring a penalty; however, once you retire, you can only earn $1,180 per month. If you earn more than the income limit, SSA will deduct $1.00 for every extra $2.00 earned.
Your benefit check will be withheld beginning in January of the following year until the overage is completely offset. This can result in no Social Security income for a number of months, depending on how far you went over the limit.
Wiki User
∙ 12y agoEarnings limits in 2011 are unchanged from 2010. For the 2011 tax year, the answer depends on your age and whether you're drawing Social Security benefits for retirement or disability.
Retirement
If you've reached full retirement age (65 for people born prior to 1943; 66 for people born between 1943 and 1954), there is no limit to how much you can earn.
In the year you reach full retirement age, you can earn $37,680 annually, but for every $3.00 over the limit, $1.00 is withheld from your benefits until the month your reach full retirement age.
If you are under full retirement age, you can earn $14,160 per year without incurring a penalty. For every $2.00 over the limit, $1.00 is withheld from benefits.
Disability
People on disability can earn up to $1,000 per month ($12,000 per year) for most disabilities, or $1,640 per month ($19,680 per year) for anyone legally blind. Earning more than these limits would be considered engaging in Substantial Gainful Activity (SGA), would trigger a continuing disability review, and likely result in an end to the person's disability status with Social Security.
Any month a disabled person earns more than $720.00 is counted toward the nine-month trial work period, and may result in a continuing disability review (CDR).
For more information, see Sources and Related Links, below.
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