The maximum social security benefit for retired workers in 2024. If you will reach full retirement age in 2024, the limit on your earnings for the months before full retirement age is $59,520.
In 2024, the maximum benefit is $4,873 a month, according to the social security administration. The earnings limit for social security beneficiaries under full retirement age will increase in 2024.
In 2024, Any Individuals With Earned Income Over $168,600 Stop Paying Social Security Tax For The Remainder Of The Year.
It’s $4,873 per month if retiring at 70 and $2,710 for retirement at 62.
They Do Continue To Pay Medicare Tax.
The maximum benefit amount, however, is more than double that.
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We Call This Annual Limit The Contribution And Benefit Base.
50% of anything you earn over the cap.
The Maximum Benefit Depends On The Age You Retire.
Retirees must earn social security’s maximum taxable income for 35 years to receive the highest benefit.