Social Security Max Income Allowed 2024 Calendar. The estimated average social security benefit for retired workers in 2024 is $1,907 per. The most a person who retires at age 70 in 2024 will receive from the government is $4,873.

When you file your tax return the following year, you can claim a refund from the internal revenue service for social security taxes withheld that exceeded the maximum amount. Above that amount, social security will deduct $1 for every $3 in income.