Social Security Income Tax Limit 2024 Married Jointly. For example, a married couple filing jointly, both over the age of 65, with $25k social security benefits plus $25k other income will see a portion of their social security. Income thresholds for tax brackets will increase by approximately 5.4% for 2024.
For 2024, the maximum earned income tax credit (eitc) amount available is $7,830 for married taxpayers filing jointly who have three or more qualifying children—it was $7,430 in 2023. Taxable income is calculated by subtracting your deductions from your adjusted gross income.
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