Early claimants under full retirement age lose $1 in benefits for every $2 earned above $24,480 annually, per 2026 rules.
Workers claiming Social Security benefits before full retirement age in 2026 face a $24,480 earnings limit. For every $2 earned above this threshold, $1 is withheld from monthly checks. Those reaching full retirement age in 2026 face a higher $65,160 limit, with $1 withheld per $3 earned above it.
The average monthly benefit of $2,081 could be fully withheld for individuals exceeding these limits. The earnings test applies only to income from employment, not pensions or investments. Benefits lost due to the test are recalculated upon reaching full retirement age, potentially increasing future payments.
The rule aims to prevent early claimants from receiving full benefits while still earning substantial wages. Full retirement age is 67 for most workers born in 1960 or later.