What is the maximum income I can earn before it affects my Social Security benefits?

The amount of income you can earn before it affects your Social Security benefits depends on your age and the type of benefits you receive. For individuals who are below full retirement age and are receiving Social Security retirement benefits, there is an earnings limit that applies. As of 2023, if you are under full retirement age for the entire year, you can earn up to $21,240 without any reduction in your benefits. For every two dollars you earn above this limit, one dollar will be deducted from your benefits. Once you reach full retirement age, there is no limit on the amount you can earn, and your benefits will not be affected. It is important to note that if you are receiving Social Security Disability Insurance (SSDI), different income limits, known as substantial gainful activity, apply. For the most accurate and up-to-date information regarding your specific situation, including potential impacts on your benefits, it is advisable to review the official Social Security Administration website or the relevant pages related to the Toms River Social Security Office.