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and get Social Security retirement benefits?
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A: You can get Social Security retirement benefits and work at the same time. However, if you are younger than FRA (Full Retirement Age which is between 65 and 67 depending on the year you were born) and make more than the yearly earnings limit, your benefit will be reduced. If you are younger than FRA during all of 2023, Social Security Administration deducts $1 from your benefits for each $2 you earn above $21,240. If you turn FRA during 2023, your benefit is deducted $1 for each $3 you earn above $56,520 before your birth month. Starting with the month you reach FRA, your benefits will not be reduced no matter how much you earn.
Q: Should I pay taxes on Social Security benefits when I work while receiving retirement benefits?
A: Some people must pay federal income taxes on