Social Security Limit 2024 Taxable Income. The proposed legislation only applies to federal income tax, so even if enacted, some retirees will still pay state income tax on social security income. For 2024, that maximum is set at $168,600,.

Up to 50% of your social security benefits are taxable if: To receive the highest social security payout, you must retire at 70 and have at least 35 working years, earning at least the maximum income amount for the year.