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.

Tax Glossary

Capital gain distribution

A mutual-fund distribution allocated to gains realized on the sale of fund portfolio assets. You report the distribution as long-term capital gain even if you held the fund shares short term.

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