social security Benefit and work

Work and getting social security at the same time is plausible because many of you people would want to take an early retirement at the age of 62. However, it incurs some penalty while getting social security benefits and work at the same time. anyhow, its pretty simple because for 2018 social security yearly income for work is 17040$ you should not exceed this amount otherwise that's where you have to pay the penalty. 

How the penalty works:

let us assume that you are making 25000 $ a year and social security yearly income is 17040$. However, which you have exceeded with almost making 8000$. the social security split the money in half to 4000 and cut your benefits(they will withhold your checks). what do I mean by that? it means that if you are receiving a monthly check from your social security for let's say 700 and yearly it is 8400. Anyway, the social security will subtract 4000 from this amount from your social security yearly income. The money that you will receive in that year from social security will be 4400. 

Social Security Reimbursement:

However, once you have done with work or got to your full age retirement that charges will stop unless you are making less than 45000$ in 2018 because every year the income limits changes. 

so you will receive your money which was taken by the Social security because of your work will be reimbursed into your account but it will take a while to get the whole amount which was taken from you by the social security.