Supplemental Security Income 2022 payment update

Social Security changes: earnings limit increase

Social Security claimants can expect a number of changes to their benefits next month.

If you work while collecting Social Security benefits, then your benefits may be reduced, depending on how much you earn.

If your income is more than $18,960 during 2021, the SSA will withhold $1 for every $2 you earn over the limit if you’re below the full retirement age.

However, starting from 2022, this threshold will increase to $19,560.

If you reach full retirement age in 2022, you’ll be able to earn $51,960 next year – up by $1,440 from the 2021 annual limit of $50,520.

In that event, $1 is withheld for every $3 earned over that threshold.

If you were born in 1960 or later, your full retirement age is 67. For others, it’s 66 and a specific number of months.

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