Social Security Income Limit 2024 Increase

Social Security Income Limit 2024 Increase. The amount of income needed to earn a credit for one calendar quarter of social security coverage increases in 2024, to $1,730, but you can only earn four credits per year. In 2024, the maximum amount of earnings on which you must pay social security tax is $168,600.

For 2024, the limit for substantial gainful activity (sga) is increasing to $1,550 per month (up from $1,470 in 2023). In 2024, you can earn up to $22,320 without having your social security benefits withheld.