Max Wages While Drawing Social Security 2024. Each year, a wage cap is set to determine how much earnings are subject to social security taxes. Working while you collect social security can have a negative impact on your benefits.

The special rule lets us pay a full social security check for any whole month we consider you retired, regardless of your yearly earnings. People under full retirement age can earn up to $22,320 in 2024 (rising to $23,400 in 2025) while on social security without penalty.