Social Security Benefit Tax Limit 2024
Social Security Benefit Tax Limit 2024. 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 increase of $8,400). Whenever you have an income change, it can be a good time to evaluate taxes.
* your adjusted gross income. So, if you earned more than $160,200 this last year, you didn’t have to pay the social security.