Social Security Tax Limit In 2024

Social Security Tax Limit In 2024. This means that income above $168,600 is not subject to the 6.2% social security payroll tax for employees and employers. This amount is known as the “maximum taxable earnings” and changes each year.

Up to 85% of a taxpayer’s benefits may be taxable if they are: However, if you’ll be reaching full retirement age by the end of the year and aren’t there yet, that limit is $59,520.