Social Security Wage Limit 2024 Over 65. 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 (an increase of $8,400). What is the maximum possible social security benefit in 2024?
See two examples for workers retiring in 2024 with different birth years and retirement ages. In 2024, if you collect benefits before full retirement age and continue to work, the social security administration will temporarily withhold $1 in benefits for every $2 you earn over $22,320.