Social Security Wage Limit 2024 Income. There is no earnings cap after hitting full retirement age. 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.
We raise this amount yearly to keep pace with increases in average wages. Individual taxable earnings of up to $168,600 annually will be subject to social security tax in 2024, the social security administration (ssa) announced thursday.