Social Security Max Income Allowed 2024 Lok. The latest such increase, 3.2 percent, becomes effective january 2024. We raise this amount yearly to keep pace with increases in average wages.
If you file for social security retirement benefits before your full retirement age, there is a limit on the amount of income you can earn. โ people under full retirement age can earn up to $21,240 in 2023 while on social security without penalty.