Social Security Maximum Income Limit For 2024

Social Security Maximum Income Limit For 2024. The wage base or earnings limit for the 6.2% social security tax rises every year. 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.


Social Security Maximum Income Limit For 2024

For example, in 2024, if you want to receive the maximum social security amount when you retire, you’ll need to make at least $168,800 annually, an $8,400 increase from last. We call this annual limit the contribution and benefit base.

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Social Security Maximum Income Limit For 2024