Social Security Wage Limit 2024 Increase. But that limit is rising in 2024, which means seniors who are working and. The social security administration (ssa) has announced that the maximum earnings subject to the social security payroll tax will increase by $8,400 in 2024.
The 2024 limit is $168,600, up from $160,200 in 2023. The wage cap, which is the maximum amount of income subject to social.