Social Security Max 2024 Contribution Over 50. The contribution limit will increase from $22,500 in 2023 to $23,000. Learn how the maximum taxable earnings limit affects your social security benefits and how to claim a refund from the irs if you overpaid taxes.

In addition, the income limits to claim. The highest social security retirement benefit for an individual starting benefits in 2024 is $4,873 per month, according to the social security administration.