Social Security Income Tax Limit 2024 Calendar
For the period between january 1 and the month you attain full retirement age, the income limit increases to $56,520 (for 2023) without a reduction in benefits. For 2024, the cola will be 3.2%.
The wage base or earnings limit for the 6.2% social security tax rises every year. In 2024, the threshold goes up to $168,600.