Income Limit For Early Social Security 2024. In other words, if your income exceeds the cap on yearly earnings — which in 2024 is $22,320 for people who claim benefits before full retirement age — social security will. This rule change could help you keep more of your benefits this year.

In 2023, you paid social security taxes on work income up to $160,200. (the figure is adjusted annually based on national changes in average wages.) you lose $1 in benefits for every $2 in.