Social Security Max Income Allowed 2024 Olympics. This amount is also commonly referred to as the taxable maximum. For the period between january 1 and the month you attain full retirement age, the income limit increases to $56,520 (for 2023) without a reduction in benefits.

The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600. People under full retirement age can earn up to $21,240 in 2023 while on social security without penalty.