Social Security Limit 2024 Increase Over Time. It’s $4,873 per month if retiring at 70 and $2,710 for retirement at 62. Over the past five years or so, the social security tax limit has increased by an average of about $3,960 a year.

If you are working, there is a limit on the amount of your earnings that is taxable by social security. More than 71 million americans receiving social security benefits will see their checks rise by 3.2 percent next year to help them keep pace with inflation, the.