Social Security Max 2024 Wages And Benefits. 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. The maximum $4,873 monthly benefit in 2024 is only paid to individuals who wait until age 70 to retire.

This amount is known as the “maximum taxable earnings” and changes each. The maximum benefit for a worker who claims social security at full retirement age (fra) in 2024 will be $3,822 a month, up from $3,627 in 2023.