Social Security Tax Wage Limit 2024. The social security administration recently announced that the wage base for computing social security tax will increase to $168,600 for 2024 (up from $160,200. But that limit is rising in 2024, which means seniors who are working and.


Social Security Tax Wage Limit 2024

The social security wage base will rise in 2024 to $168,600, a 5.2% increase from its 2023 wage base of $160,200. So, if you earned more than $160,200 this last year, you didn’t have to.

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