Social Security Wage Limit 2024 Increase. That limit is increasing to $168,600 in 2024, from $160,200 in 2023. The $168,600 wage base for 2024 is slightly greater than the wage base forecasted by.
Given these factors, the maximum amount an employee and employer would have to pay. The wage base or earnings limit for the 6.2% social security tax rises every year.