Social Security Tax Income Limit 2024. The irs reminds taxpayers receiving social security benefits that they may have to pay federal income tax on a portion of those benefits. The social security limit is $168,600 for 2024, meaning any income you make over $168,600 will not be subject to social security tax.
We raise this amount yearly to keep pace with increases in average wages. As a result, if you’re a high earner, you will pay more in social.