Social Security Wage Limit 2024

Social Security Wage Limit 2024. The 2024 limit is $168,600, up from $160,200 in 2023. The social security limit is $168,600 for 2024, meaning any income you make over $168,600 will not be subject to social security tax.

People under full retirement age can earn up to $22,320 in 2024 (rising to $23,400 in 2025) while on social security without penalty. 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.