What You Need To Know

• Social Security withholds $1 of benefits for each $2 a claimant earns over $24,480 until the claimant reaches full retirement age.
• The Senior Citizens Freedom to Work Act "would represent a major change to Social Security, which requires caution on the part of the Congress," a Social Security advocate said.
• Once the claimant reaches FRA, the withheld benefits are paid out over their lifetime.