Social Security Earnings Tests: 5 Things You Must Know

If you’re still working and claim Social Security early, your benefits could be reduced, at least temporarily.

Shot of cheerful mature couple sitting on the table at home and using digital table
(Image credit: Getty Images)

A big reason experts advise waiting until at least full retirement age to claim Social Security benefits: You get to skip the Social Security benefits earnings test, which hits early claimers who are still working. But there are actually two earnings tests — an annual test and a monthly test — and the second one can help early retirees leaving work midyear to avoid the trap.

Here are five things you need to know about the two Social Security earnings tests, including the income thresholds the Social Security Administration set for 2024.

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Senior Retirement Editor,

Jackie Stewart is the senior retirement editor for and the senior editor for Kiplinger's Retirement Report. 

With contributions from