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Social Security Taxable Income Limit 2024

Social Security Taxable Income Limit 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. The wage base or earnings limit for the 6.2% social security tax rises every year.


Social Security Taxable Income Limit 2024

In 2010, the program paid more in benefits and expenses than it collected in taxes and other noninterest. (last year, the tax limit was $160,200.

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