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Excess Earnings - Defined
1802.1 What are "excess earnings"?
"Excess earnings" are your earnings that exceed the annual exempt amount. (See §1803).
1802.2 How do excess earnings affect your benefit amount?
If you are younger than full retirement age (FRA) (see §723.5), your excess earnings are subject to a $1 deduction from benefits for each $2 you earn. In the year you reach FRA, you are subject to a different annual exempt amount, and your excess earnings are subject to a $1 deduction from benefits for each $3 you earn.
Last Revised: Sep. 27, 2005
- When are you NOT charged for excess earnings?
- How Excess Earnings are Charged Against Benefits
- Annual Exempt Amounts
- Report of Expected Earnings Also Required
- Payment of Partial Benefit
- Delay in Filing Annual Report
- The Earnings Test
- Annual Report of Earnings
- Individuals Near Retirement Age
- Earnings as Basis for Benefits
- The Annual Report Form
- Number of Additional Benefits Lost for Failure to Report on Time
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