Social Security Wage Limit 2024 Estimate

Social Security Wage Limit 2024 Estimate

Social Security Wage Limit 2024 Estimate. A 3.2% increase would be significantly higher than the 2.6% average increase beneficiaries have received over the past 20 years. For 2024, the social security tax limit is $168,600 (up from $160,200 in 2023).


Social Security Wage Limit 2024 Estimate

The wage base limit is the maximum wage that’s subject to the tax for that year. A 3 percent adjustment would boost the average social security retirement benefit โ€” $1,839 a month in july 2023 โ€” by about $55 a month in 2024.

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