Fedweek

A bill that has passed the House and that has now moved to the Senate would repeal the portion of the Social Security “earnings test” applying to Social Security recipients aged 65 through 69, effective with earnings in this calendar year. Under present law, their benefits are reduced by $1 for every $3 they earn as wages or self-employment income above $17,000. The bill, which the White House has said it would sign, would not affect the earnings test for those between 62 and 64, though—they lose $1 for each $2 they earn above $10,080. But it might serve as precedent for repealing that test too. There is no earnings test for those above age 70.