Submitted By: Soledad
Answered: May 22, 2015 12:02 pm

I’m 63 years old and collect Social Security benefits. How much can I earn in 2015 without any reduction in my benefits?

The earnings limit for those like you who have not yet reached the full retirement age is $1,310 per month, or $20 more per month than in 2014. If you exceed this limit, you’ll lose $1 of benefits for each $2 of benefits over the limit.

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Tax Glossary

Section 1231 property

Depreciable property used in a trade or business and held for more than a year. All Section 1231 gains and losses are netted; a net gain is treated as capital gain, a net loss as an ordinary loss.

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