Social Security Limit 2024 Earnings Income Tax. People under full retirement age can earn up to $21,240 in 2023 while on social security without penalty. Up to 50% of your social security benefits are taxable if:
That means most workers will pay up to 6.2% of $168,600 in social security taxes this year, so they could owe as much as $10,453.20. (for 2023, the tax limit was $160,200.