Social Security Earnings Limit 2024 Increase. The earnings limit for social security beneficiaries under full retirement age will increase in 2024. The maximum amount of earnings subject to the social security tax (taxable maximum) will increase to.
That took the average monthly benefit of $1,848 at the end of 2023 up to $1,907 at the start of 2024. The maximum retired worker benefit is currently $4,555 per.