Social Security Earned Income Limit 2024

Social Security Earned Income Limit 2024. But exactly how does this cause your benefit to be reduced? There is a special rule that applies to earnings for 1 year, usually the first year of retirement.

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. To receive the highest social security payout, you must retire at 70 and have at least 35 working years, earning at least the maximum income amount for the year.