Social Security Max Income Allowed 2024 Social Security. In the first calendar year you receive social security benefits and have a month of earnings that is less than the monthly earnings limit amount, the income limit turns. If you are working, there is a limit on the amount of your earnings that is taxable by social security.
This amount is known as the “maximum taxable earnings” and changes each year. In 2024, the maximum annual earnings subject to the social security portion of the fica tax is $168,600.
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