2024 Social Security Wage Limit Increase. Given these factors, the maximum amount. That's an increase of $8,400 from this year's $160,200 in earnings, known as the social security wage base, that are subject to that retirement portion of the federal insurance.

The social security administration (ssa) has announced that the maximum earnings subject to the social security payroll tax will increase by $8,400 in 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).