Social Security Limit 2024 Earnings Limit Calculator. Once you exceed the annual earnings limitation, for every $2 over the limit, social security will withhold $1. What is the social security earnings test and how does it work?

The social security tax limit refers to the maximum amount of earnings that are subject to social security tax. In other words, if your income exceeds the cap on yearly earnings — which in 2024 is $22,320 for people who claim benefits before full retirement age — social security will.