Max Earnings For Social Security 2024 Increase. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. People under full retirement age can earn up to $22,320 in 2024 (rising to $23,400 in 2025) while on social security without penalty.

For example, in 2024, if you want to receive the maximum social security amount when you retire, you’ll need to make at least $168,800 annually, an $8,400 increase from last. (last year, the tax limit was $160,200.