Social Security Limit 2024 Increase

Social Security Limit 2024 Increase. 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. The social security tax limit is set each year.

The maximum benefit for a worker who claims social security at full retirement age (fra) in 2024 will be $3,822 a month, up from $3,627 in 2023. For 2024, the social security tax limit is $168,600.