Social Security Limit 2024 Increase Over 50. People under full retirement age can earn up to $22,320 in 2024 (rising to $23,400 in 2025) while on social security without penalty. Economists widely expect the bank to cut the rate from 5% to 4.75%.
The nation’s 72 million social security beneficiaries will get a raise starting in 2024 to keep their benefits aligned with inflation. For 2024, the social security tax limit is $168,600.
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