Penalty to my current SS payment if I take a f/t job before my final retirement age

[MarkN99676]

I'm turning 66 in September 2025, and will be 10 months away from my full retirement age. I started taking my retirement benefits in March, but have an opportunity to take a f/t job starting in January - 7 months before my full retirement age. I know the penalty would be $1 off my SS check for every $2 I earn, but my questions are:

- does SS look at that new money earned as the amount earned after taxes or is my gross pay counted against my SS payment?

- would the employer still be required to take SS payments out of my pay check even though I am retired?

- once I hit that full retirement age, and the penalty of my f/t earnings on SS ends, do I get those removed funds from my SS payment over those 7 months back? 

Thank you.

[papawofboo]

Are you sure about that penalty? When I turned 65 I quit having to pay back. 

Everything is based on what you filed taxes on. When your tax return gets to SS they will make adjustments in your payments. They will withhold payments depending on how much over the limit you made. Gross.

I started at 62, after filing my tax return, they would send me a notice and tell me how much they would hold back next year. Most of the time it was April before I got my 1st check the next year. When I turned 65 all that stopped. You never lose the money, it always goes back in your account. It's your money, they just tell you when and how much you are going to get.

There is a lady that will most likely see this, she will know if any of this has changed.