2024 Earnings Limit For Social Security 2024. In the year you reach full retirement age, we deduct $1 in benefits for every $3 you earn above a different limit. For 2024, the social security tax limit is $168,600 (up from $160,200 in 2023).
In 2024, if you collect benefits before full retirement age and continue to work, the social security administration will temporarily withhold $1 in benefits for every $2 you earn over $22,320. While that’s good news for a lot of people, it may be coming at a bad time for retirees living on social security.