Social Security Income Limit 2024 Calculator. If your social security income is taxable, the amount you pay will depend on your total combined retirement income. The wage base or earnings limit for the 6.2% social security tax rises every year.

If you will reach full retirement age in 2024, the limit on your earnings for the months before full retirement age is $59,520. People under full retirement age can earn up to $21,240 in 2023 while on social security without penalty.