Social Security Income Limit 2024 Increase. This is an automatic update and you don’t need to do anything to. People under full retirement age can earn up to $22,320 in 2024 (rising to $23,400 in 2025) while on social security without penalty.
Higher income limits mean workers will be able to earn more in 2024 without seeing benefit reductions, which could result in higher payments each. On average, social security retirement benefits will increase by more.