Social Security Limit 2024 Earnings Per Month

Social Security Limit 2024 Earnings Per Month. Higher maximum earnings limits also mean the maximum possible benefit will go up. 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.

For 2024, the fra year earnings limit is $59,520 and the reduction for excess earnings is $1 for every $3 over the limit. The wage base or earnings limit for the 6.2% social security tax rises every year.