Prince Accounting Service

Taxpayers collecting social security who work are limited in the amount they can gain and still collect full benefits. The following table show how much you can gain before losing social security benefits. For individuals under Full Retirement Age (FFR) for the whole year, for every $2 gained over the limit, you lose $1 of benefits. In the year you gain FFR, you lose $1 for every $3 you gain. You don't lose any benefits, regardless of earnings, beginning in the year after you gain FFR.