Can I suspend and repay SS retirement benefits taken early to get higher FRA amount?

Yes, you can absolutely do this! It's called a withdrawal of application (Form SSA-521). Since you're within 12 months of first receiving benefits, you can withdraw your application, repay all benefits received, and it'll be like you never filed early. When you reapply at your FRA, you'll get your full, unreduced benefit amount. You'll need to repay everything you've received, including any Medicare premiums deducted. The good news is you've only received one payment, so the amount to repay is relatively small compared to someone who's been collecting for months.

I did this exact thing last year! Started at 62, regretted it after 2 months, paid it back, and now waiting till my FRA. Best decision ever. The form was easy but make sure u do it BEFORE 12 months pass!

Just want to add that what you're describing is different from "suspending" benefits. Suspending benefits is what you can do AFTER you reach Full Retirement Age if you want to earn delayed retirement credits until age 70. What you need is a withdrawal of application since you're within 12 months of filing. Also, important to know you can only do this withdrawal ONE TIME in your life, so be sure this is what you want.

Wait but what about taxes??? I thought you had to pay back the GROSS amount before any taxes were taken out? Then you get the taxes back when you file next year?? That's what happened to my brother-in-law.

I tried calling SSA three times this week to ask about withdrawing my application and got disconnected every time after waiting over an hour. Finally, I used Claimyr.com to get through to a representative in under 10 minutes. They have a video showing how it works: https://youtu.be/Z-BRbJw3puU The SSA rep confirmed I needed form SSA-521 and that I had to include a check for the full amount I'd received. They also explained I'd need to reapply when I reach FRA - it's not automatic.

my cousin tried to do this but got denied!!! said he missed the 12 month deadline by 3 days so be careful!!!

Just a heads up - your benefit at FRA will be significantly higher than what you're getting now. Taking benefits at 62 and 7 months means you're getting about 27% less than your FRA amount. So if you're currently getting $1,875, your FRA benefit would be around $2,570 per month. That's nearly $700 more per month or $8,400 more per year! And that difference continues for the rest of your life. If your health is good and you can afford to wait, paying back now and reapplying at FRA makes a lot of financial sense, especially if you have a family history of longevity.

Make sure u fill out the form PERFECTLY!!!! My friend had hers rejected cuz she didn't include her phone # and had to start over!!!

One last thing to consider - if you withdraw now, you'll need to reapply for Medicare separately when you turn 65 if you're not already on it. The automatic enrollment only happens when you're receiving Social Security benefits. Also, once you withdraw, you should wait until your FRA to reapply unless your financial situation changes. If you reapply before FRA, you'll still get a reduced benefit (though not as reduced as starting at 62).