Social Security Wage Limit 2024 Income. (last year, the tax limit was $160,200. In 2024, retirees receiving social security benefits will be able to earn $59,520 in the year they reach full retirement age before their benefits are reduced by $1 for every $3 in.
In 2024, retirees receiving social security benefits will be able to earn $59,520 in the year they reach full retirement age before their benefits are reduced by $1 for every $3 in. The federal government sets a limit on how much of your income is subject to the social security tax.