Social Security Wage Limit 2024 Increase

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Social Security Wage Limit 2024 Increase. We call this annual limit the contribution and benefit base. 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 for 2023).


Social Security Wage Limit 2024 Increase

(the 2024 tax limit is $168,600.) this 4.4% increase is less than the 5.2% jump from 2023 to 2024. But that limit is rising in 2024, which means seniors who are working and collecting.

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