Social Security Earnings Limit 2024 Increase

Social Security Earnings Limit 2024 Increase. Social security and supplemental security income, or ssi, will increase by 3.2% in 2024, the social security administration announced thursday. In other words, if your income exceeds the cap on yearly earnings — which in 2024 is $22,320 for people who claim benefits before full retirement age — social security will withhold money from your retirement payments.

There’s a limit on how much you can earn and still receive your full social security retirement benefits while working. In 2024, if you’re under full retirement age, the annual earnings limit is $22,320.