What Is The 2024 Social Security Tax Limit For 2024

What Is The 2024 Social Security Tax Limit For 2024. 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 increase of $8,400). However, if you'll be reaching full retirement age by the end of the year and aren't there yet, that limit is $59,520.

As a result, if you’re a high earner, you will pay more in. Social security and supplemental security income (ssi) benefits for more than 71 million americans will.