Social Security Limit 2025 Earningsstripping. To raise more revenue, why can’t we just raise the cap on payroll taxes? Social security withholds benefits if your earnings exceed a certain level, called a retirement earnings test exempt amount, and if you are under your nra.
There is a special rule that applies to earnings for 1 year, usually the first year of retirement. This amount is known as the “maximum taxable earnings” and changes each year.