Social Security Annual Earnings Limit 2024. This amount is known as the “maximum taxable earnings” and changes each. If under fra, count the beneficiary’s earnings for all months of their taxable year to.
The limit is increased in the year they reach full retirement age, but social security will still deduct $1 for every $3 earned above $56,520 in 2023 and $59,520 in 2024. There is no earnings cap after full retirement age.