Maximum Social Security Benefit 2024. In 2024, a person's taxable income cannot exceed $168,600. Around half of households with someone age 65 or older receive 50% or more of their total income from social security, according to data analyzed by the social.
In 2024, a person’s taxable income cannot exceed $168,600. The maximum benefit varies each year due to the annual adjustment based on changes in the national wage level.