Ok so SS has a salary cap for those folks below FRA (Full Retirement Age) which is 67 for those born in 1960 or later. For those born before 1960 your FRA is 2 months less than 67 for every year that you were born before.

I retired early, but didn't sign up for SS until I was 62, After a few years I had to resume working so we didn't have to live in a ghetto apt. For 2022 I went over the salary cap by 8k, so they took 4K back starting in Sept. of 2023. For 2023 I went way over the salary cap by about 23,600 bucks, and I was thinking that in Sept. of 2024 they would just take my check until they got their money back starting in Sept.

That's not what they did, they suspended my SS so that the amount I owe back is not going down, not only that, but they now are estimating that I will earn the same again this year. Most likely I will... So 11,800 I owe back X 2 23,600. I only currently receive 1256 a month (Having paid in for 45 years) Not accounting for raises I owe 18.7 Months worth of SS back to them.

There are multiple options including getting some or all forgiven if you can prove hardship, and I can't, my wife works. Another option is to pay the money back. If I don't then when I reach FRA they will resume my SS and take back the money starting then, I'd be 68 and some months before I get the money again. The rules are the rules and I don't intend on trying for debt forgiveness.

Instead of paying for both years, I'm considering liquidating some of my real money (Cough) and paying back for 2023, then waiting to see if any changes come along after Trump gets back in the WH, and seeing how I'm affected.

Even if I liquidate enough to pay for both years, I still have some left. Also paying back and / or suspension increases how much you receive at FRA, so there's no penalty for retiring early as long as you live to about 80.

What a scam, they deduct SS from my pay, and since I work my SS is 85% income taxable, plus this whole salary cap thing. The salary cap goes away at FRA and is only on earned wages not on investment profits.

I'm earning 17 bucks an hour and the cap for this year is around 22100 So even without overtime I'm 12 K over the cap... I'm a security guard, a low paying field. LOL I like the fact that you get more SS at FRA for the clawback and suspensions, but its gambling right?

IMHO SS should not be taxed and there should be no salary cap. Biden's Admin changed the rules to screw people, gives them more money to feed the "New Arrivals"