2024 Social Security Tax Limit Increase Date
2024 Social Security Tax Limit Increase Date. Only the social security tax has a wage base limit. The 2024 limit is $168,600, up from $160,200 in 2023.
This adjustment will affect social security retirement, disability, and ssi payments. The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600 in 2024 (an.