Social Security Earned Income Limit 2024. We call this annual limit the contribution and benefit base. There is a special rule that applies to earnings for 1 year, usually the first year of retirement.

In 2024, if you collect benefits before full retirement age and continue to work, the social security administration will temporarily withhold $1 in benefits for every $2 you earn over $22,320. The $4,873 maximum monthly benefit in 2024 is only applicable for retirees turning 70 this year.