Maximum Social Security Withholding 2024 Over 65. But that limit is rising in 2024, which means seniors who are working and collecting social. This amount is known as the “maximum taxable earnings” and changes each.

For combined income between $25,000 and $34,000 (single) or $32,000 and $44,000 (joint filing), up to 50% of benefits can be taxed. The irs reminds taxpayers receiving social security benefits that they may have to pay federal income tax on a portion of those benefits.