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Do I need to notify Social Security if I am receiving benefits and earn more than the annual earnings limit?

En español | Yes. If you exceed the limit, which will be $18,240 in 2020, $1 of your benefits will be withheld for every $2 you make above the limit. You must promptly tell Social Security how much you expect to earn so that the correct amount can be withheld.

If you receive more benefits than you're entitled to, you'll have to pay them back. Also, you may have to pay a penalty if you didn't promptly notify Social Security.

Updated March 25, 2020

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