2024 Social Security Wage Limit Increase

2024 Social Security Wage Limit Increase. Both sga amounts generally change with changes in the national average wage index. (for 2023, the tax limit was $160,200.

So, if you earned more than $160,200 this last year,. 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).