Social Security Contribution Limit 2024 Over 50. It’s $4,873 per month if retiring at 70 and $2,710 for retirement at 62. A household type where a greater proportion of income is from social security is more likely to be affected by changes to social security over, say, minimum wage.

This limit changes each year with changes in the national average wage index. This amount is known as the “maximum taxable earnings” and.