Social Security Tax Income Limit 2024 Calendar. The individual tax brackets for ordinary income have been adjusted by inflation (table 1): In 2024, the social security tax limit is set at $168,600, a notable increase from the $160,200 limit in 2023.

The maximum amount of earnings subject to social security tax (taxable maximum) will increase to $168,600 from $160,200. You file a federal tax return as an individual and your combined income is more than $34,000.