Social Security Tax Wage Limit 2024 Ny. The wage base limit increased by. This not only means that higher earners will likely pay more in social security taxes this year, but it.

The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600. In 2024, the social security tax known as fica “is assessed against all wages up to a maximum of $168,600,” nancy altman, president of social security.