Social Security Income Limit 2024 . We call this annual limit the contribution and benefit base. The 2024 limit is $168,600, up from $160,200 in 2023.
To receive the highest social security payout, you must retire at 70 and have at least 35 working years, earning at least the maximum income amount for the. Income taxes on social security apply to all beneficiaries with an annual household income above $25,000, and most pay taxes on at least 50% of their benefits.
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