Income Limit For Ss 2024. (for 2023, the tax limit was $160,200. Workers earning less than this limit pay a 6.2% tax on their earnings.
In other words, if your income exceeds the cap on yearly earnings — which in 2024 is $22,320 for people who claim benefits before full retirement age — social. The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600.