Social Security Wage Limit 2024 Per Month

Social Security Wage Limit 2024 Per Month. If you are working, there is a limit on the amount of your earnings that is taxable by social security. Social security taxes apply only up to a fixed limit, called the contribution or benefit base.

For every $2 you earn above this limit, your benefits will be reduced by $1. Social security recipients who work before reaching full retirement age may have temporarily reduced benefits if earnings exceed the annual limit.