Social Security Income Limit 2024 Increase

Social Security Income Limit 2024 Increase. If you’re not going to hit fra for the whole year, the ssa deducts $1 from your retirement benefit for every $2 you earn above the annual income limit. Social security and ssi disability increase for 2024.


Social Security Income Limit 2024 Increase

Per the ssa, if you’re under fra in 2023 and claim benefits, the annual earnings limit is $21,240. For 2024, the limit for substantial gainful activity (sga) is increasing to $1,550 per month (up from $1,470 in 2023).

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