Social Security Max Income Allowed 2024 Income Limit. The social security administration deducts $1 from your social security check for every $3 you earn in the months before your birthday above the income limit. We raise this amount yearly to keep pace with increases in average wages.
For every $2 you earn above this limit, your benefits will be reduced by $1. The wage base or earnings limit for the 6.2% social security tax rises every year.