Social Security Wage Limit 2024. To be eligible to receive the maximum monthly benefit, you must have earned at least the wage base limit in each of the 35 years that social security uses to calculate your. (last year, the tax limit was $160,200.
In 2024, if you collect benefits before full retirement age and continue to work, the social security administration will temporarily withhold $1 in benefits for every $2 you earn. The social security administration recently announced that the wage base for computing social security tax will increase to $168,600 for 2024 (up from $160,200 for 2023).
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