Social Security Limit 2024 Salary Limit. For 2024, the social security tax limit is $168,600. The federal government sets a limit on how much of your income is subject to the social security tax.
To receive the highest social security payout, you must retire at 70 and have at least 35 working years, earning at least the maximum income amount for the 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.
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