Social Security Wage Limit 2024 Base. The social security administration (ssa) has announced that the maximum earnings subject to the social security payroll tax will increase by $8,400 in 2024. The social security limit is $168,600 for 2024, meaning any income you make over $168,600 will not be subject to social security.

Case a, born in 1962, retires at age 62. Individual taxable earnings of up to $168,600 annually will be subject to social security tax in 2024, the social security administration (ssa) announced.