Social Security Tax Limit 2024 Over 65. 10 announced a higher threshold for earnings subject to social security payroll taxes. For combined income between $25,000 and $34,000 (single) or $32,000 and $44,000 (joint filing), up to 50% of benefits can be taxed.
The law raised the full retirement age beginning with people born in 1938 or later. The same annual limit also.