Social Security Wage Limit 2024 History. If you will reach full retirement age in 2024, the limit on your earnings for the months before full retirement age is $59,520. On average, social security retirement benefits will increase by more than $50 per month starting in january.
The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600. In 2024, the maximum amount of earnings on which you must pay social security tax is $168,600.