Social Security Wage Limit 2024 Per Hour. Millionaires are set to hit that threshold in march. The estimated average social security benefit for retired workers in 2024 is $1,907 per month.

The social security limit is $168,600 for 2024, meaning any income you make over $168,600 will not be subject to social security tax. The special rule lets us pay a full social security check for any whole month we consider you retired, regardless of your yearly earnings.