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Higher Earnings for Seniors Without Losing Social Security Benefits

This act temporarily increases the amount seniors can earn without reducing their Social Security benefits. The change applies to 2022 and 2023, helping individuals who have not yet reached full retirement age. It aims to ease the impact of inflation on their finances.
Key points
Increased Earnings Limit: Seniors who have not reached full retirement age can earn more money without losing part of their Social Security benefits.
Effective Period: The change applies to earnings in 2022 and 2023.
Fund Protection: The act includes provisions to ensure increased expenditures do not harm Social Security trust funds.
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Additional Information
Print number: 117_HR_7692
Sponsor: Rep. Posey, Bill [R-FL-8]
Process start date: 2022-05-10