Social Security Limit 2024 Taxable Income
Social Security Limit 2024 Taxable Income. For earnings in 2024, this base is $168,600. We raise this amount yearly to keep pace with increases in average wages.
As your total income goes up, you’ll pay federal income tax on a portion of the benefits while the rest of your. Higher earners will owe social security tax on an additional $7,500 of income, increasing their total.