January 18, 2022

5 social security numbers to know in 2022 | Personal Finance


This is the value of a work credit in 2022. Eligibility for Social Security depends on earning enough work credits during your lifetime – specifically 40. The maximum number of work credits you can earn per year is four.

Last year, a work loan was worth $1,470 in income, but this year, employees will have to make more money to get one. This change won’t affect full-time employees, but if you work part-time, you may need to ramp up your hours if you’re concerned about not losing your four work credits this year.


This represents the income test limit for 2022. If you are working and receiving social security at the same time and you are not yet full retirement age (FRA), there is a limit to how much you can earn before you risk having some of your benefits withheld. (Note that once you reach FRA, you can earn any amount without affecting your benefits.)

If your earnings exceed $19,560 this year and you have not yet joined FRA, you will be withheld $1 in Social Security for every $2 you earn. That money won’t be lost forever — it will be paid out to you later, once you reach FRA.

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