Social Security Maximum 2024 Earnings. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in. 11 rows if you are working, there is a limit on the amount of your earnings that is taxed by social security.
To give further context, the estimated average monthly benefit amount is $1,907. An individual who earns $60,000 a year and retires right now at the age of 70 would receive.