What is the maximum number of work credits that can be earned in one year?

The maximum number of work credits that can be earned in one year is four. This is based on the Social Security Administration's criteria, where individuals can earn a work credit by working and paying Social Security taxes. In 2023, for example, a worker earns one credit for every $1,640 in wages or self-employment income, up to a maximum of four credits per year regardless of the amount earned.

Earning the maximum of four credits is essential as it is required for eligibility in various Social Security benefits, including retirement and disability benefits. Understanding this system helps individuals plan their work and income strategies to ensure they qualify for Social Security benefits when needed.