2024 Social Security Earnings Limit Increase

 

2024 Social Security Earnings Limit Increase. In 2023, you paid social security taxes on work income up to $160,200. But exactly how does this cause your benefit to be reduced?


2024 Social Security Earnings Limit Increase

The special rule lets us pay a full social security check for any whole month we consider you retired, regardless of your yearly earnings. In 2024, most of those receiving social security early will lose $1 in benefits for every $2 in earnings above $22,320, or $1,860 a month, up from $21,240 a year or $1,770 a month in 2023.

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