Social Security Income Limit 2024 Over 65. 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. Once you exceed the annual earnings limitation, for every $2 over the limit, social security will withhold $1.
This amount is also commonly referred to as the taxable maximum. In 2024, social security recipients under full retirement age face benefit reductions if earnings exceed $18,960.
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