Social Security Limit 2024 Salary Over 65. The reduction rate is $1 for every $2 earned over the $18,960. In 2024, if you collect benefits before full retirement age and continue to work, the social security administration will temporarily withhold $1 in benefits for every $2 you earn.

In 2024, social security recipients under full retirement age face benefit reductions if earnings exceed $18,960. The maximum benefit depends on the age you retire.