Min Laurel

Income Cap For Social Security 2024. We raise this amount yearly to keep pace with increases in average wages. For 2024, the social security wage cap will be $168,600, and social security and supplemental security income (ssi) benefits will increase by 3.2 percent.

The social security tax limit refers to the maximum amount of earnings that are subject to social security tax. If you make more than that from work, the excess won’t be subject to fica, the federal.