Social Security Earned Income Limit 2024. Earnings above that level are not taxed for the purpose of funding social security, nor is any income from investments. If you collect social security benefits during the year you reach fra, social security will deduct $1 in benefits for every $3 you earn over this higher limit.
That means that the maximum amount of social security tax an employee will pay (through withholding from their. Social security withholds benefits if your earnings exceed a certain level, called a retirement earnings test exempt amount, and if you are under your nra.
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