Max Wages While Drawing Social Security 2024

Max Wages While Drawing Social Security 2024. (the figure is adjusted annually based on national changes in average wages.) you lose $1 in benefits for every $2 in earnings above that amount. 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.

For every $2 you earn above this limit, your benefits will be reduced by $1. If you have filed for your social security retirement benefit and you are under your fra, the earnings limit for 2024 is $22,320/year ($1,860/month).