Ashla Norrie

Social Security Wage Limit 2024 Explained. For 2024, the social security tax limit is $168,600 (up from $160,200 in 2023). There is no cap on how much you can earn while on social security — if you've reached full retirement age.

Earnings trigger a trial work period during a trial work period, a beneficiary receiving social security disability benefits on the basis of his or her own earnings history may test his or her ability to work and still be considered disabled. Thus, an individual with wages equal to or larger than $168,600 would contribute $10,453.20 to the oasdi program in 2024, and his or her employer would contribute the same amount.