Social Security Tax Wage Limit 2024 Calendar. This amount is known as the “maximum taxable earnings” and changes each year. The social security wage base will rise in 2024 to $168,600, a 5.2% increase from its 2023 wage base of $160,200.
This means any income you earn above this cap won’t be subject to social security taxes for the year. So, if you earned more than $160,200 this last year, you didn’t have to pay the social security.