Social Security Limit 2024 Withholding Limit

Social Security Limit 2024 Withholding Limit. In addition, the social security administration (ssa) recently announced the cola to the social security wage base for 2025. We raise this amount yearly to keep pace with increases in average wages.

For the 2024 tax year, the taxable income limit is $168,000 and for 2023, it is $160,200. We raise this amount yearly to keep pace with increases in average wages.