COLA Social Security Payments Plan 2022 – Payments valued at up to $4,194 expected to arrive in days – see exact dates
Changes in social security: increase in the income limit
If you work while receiving Social Security benefits, your benefits may be reduced depending on how much you earn.
If your 2021 income is more than $18,960, SSA withholds $1 for every $2 you earn over the limit if you are under full retirement age.
However, as of this year, that threshold has risen to $19,560.
When you reach full retirement age in 2022, you can earn $51,960 — $1,440 more than the 2021 annual limit of $50,520.
In this case, $1 will be withheld for every $3 over this threshold.
If you were born in 1960 or later your full retirement age is 67. For others it is 66 years and a certain number of months.
https://www.the-sun.com/money/5672828/cola-social-security-payment-schedule-2022-increase-live/ COLA Social Security Payments Plan 2022 – Payments valued at up to $4,194 expected to arrive in days – see exact dates
