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If you collect Social Security and you're younger than full retirement age, then you can earn up to $16,920 in income in 2017 and still collect 100% of your Social Security payment. Nov 26, 2016 at 2:22PM. The average American's retirement savings remains anemic, wages are only inching higher, and employers continue to abandon pension plans.
Taxable Percentage. When Social Security is taxable at all, you have to pay taxes on at least 50 percent of your benefits. As your income increases the percentage can reach a maximum of 85 percent of your annual benefit amount.This maximum percentage applies when your income reaches $34,000 if you file as single.ou can start receiving benefits as early as age 62. However, if you earn more than an annual amount set by the Social Security Administration, your benefit amount is lowered by one dollar for every two dollars you make over the annual limit. As of 2012 this earnings limit was $14,640.