Social Security Tax Limit 2024 Increase
Social Security Tax Limit 2024 Increase. However, this limit is adjusted annually based. As congress works to avoid a government shutdown, the senate may soon consider a bill that would increase social security benefits for certain pensioners.
The maximum amount of earnings subject to social security tax (taxable maximum) will increase to $168,600 from $160,200. For 2024, the social security tax limit is $168,600.