Social Security Earnings Limit 2024 Increase. However, if you'll be reaching full retirement age by the end of the year and aren't there yet, that limit is $59,520. The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to.

But retirees who receive the maximum social security payout will see much higher earnings, with their monthly checks jumping to $4,873 in 2024, according to the. However, if you’ll be reaching full retirement age by the end of the year and aren’t there yet, that limit is $59,520.