Social Security Wage Limit 2024 Estimate. Social security is expected to increase in 2025, but it likely won’t be as much as we’ve seen for the last few years. People under full retirement age can earn up to $21,240 in 2023 while on social security without penalty.
Apply the social security tax rate of 12.4% on your gross income up the wage limit. Slotkin, rogers agree to debates.