Social Security Max Income Allowed 2024 Lok. This limit is almost always based on your annual earnings, but in certain circumstances, it could be your monthly earnings that are counted. For 2024, the social security tax limit is $168,600 (up from $160,200 in 2023).
If you will reach full retirement age in 2024, the limit on your earnings for the months before full retirement age 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 $168,600.