Social Security Max Income Allowed 2024

Social Security Max Income Allowed 2024. If you are working, there is a limit on the amount of your earnings that is taxable by social security. In 2024, the social security income limit is $22,320 (up from $21,240 in 2023) if you are under full retirement age for the entire year.

The special rule lets us pay a full social security check for any whole month we consider you retired, regardless of your yearly earnings. If you work and earn $32,320, which is $10,000 over the $22,320 limit, your social security benefits would be reduced by $5,000 — $1 for every $2 over the limit.