2024 Social Security Tax Limit Increase Chart

2024 Social Security Tax Limit Increase Chart. The internal revenue service has announced an increase in the social security wage base to $168,600, up from $160,000. (for 2023, the tax limit was $160,200.

For 2024, the social security tax limit is $168,600 (up from $160,200 in 2023). The 2024 limit is $168,600, up from $160,200 in 2023.