Social Security Earnings Limit 2024 At Age 62. Once you exceed the annual earnings limitation, for every $2 over the limit, social security will withhold $1. Enter the last year in which you had covered earnings and.

Enter the last year in which you had covered earnings and. In other words, if your income exceeds the cap on yearly earnings — which in 2024 is $22,320 for people who claim benefits before full retirement age — social security will.