Social Security Income Tax Limit 2024

Social Security Income Tax Limit 2024. The wage base limit is the maximum wage that's subject to the tax for that year. The limit on annual earnings subject to social security taxes is referred to as the taxable maximum or the social security tax cap.

This amount is known as the “maximum taxable earnings” and changes. But beyond that point, you’ll have $1 in benefits withheld per $2 of.