Social Security October 2024 Income Limit. Find out when you are considered retired and when you are not, and how it. When nearing retirement, understanding how earnings limits can affect your social security benefits, especially in the retirement year, is crucial.for 2024, if below full retirement age.

Learn how to apply the special rule for earnings in the first year of retirement if you are younger than full retirement age. For 2024, the social security tax limit is $168,600.