Social Security Earnings Test Impacts Benefits Up to $74,424

In 2026, individuals under their full retirement age (FRA) can lose $1 of Social Security benefits for every $2 earned over $24,480, impacting those earning above that threshold. The average monthly Social Security benefit is $2,081, equating to annual benefits of $24,972. For complete forfeiture of benefits, individuals would need to earn over $74,424 annually. This earnings test affects how much of their benefits retirees can retain, especially for those nearing their FRA, which is 67 for most Americans.