Social Security Limit 2024 Withholding Nothing. To be eligible to receive the maximum monthly benefit, you must have earned at least the wage base limit in each of the 35 years that social security uses to calculate your. The individual tax brackets for ordinary income have been adjusted by inflation (table 1):
The social security tax limit refers to the maximum amount of earnings that are subject to social security tax. 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).