What Is The 2024 Social Security Tax Limit For 2024. 11 rows if you are working, there is a limit on the amount of your earnings that is taxable by social security. We raise this amount yearly to keep pace with increases in average wages.
The 2024 limit is $168,600, up from $160,200 in 2023. The wage base or earnings limit for the 6.2% social security tax rises every year.