Social Security Limit 2024 Earnings Tax. We raise this amount yearly to keep pace with increases in average wages. — the wage base or earnings limit for the 6.2% social security tax rises every year.
Updated mar 20, 2024 · 3 min read written by tina orem If you are under full retirement age for the entire year, we deduct $1 from your benefit payments for every $2 you earn above the annual limit.