What Is The 2024 Social Security Tax Limit Increase.  — the social security tax limit is $168,600 in 2024 and is indexed to inflation, so you can anticipate it will go up next year. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.

More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. The maximum amount of earnings subject to the social security tax (taxable maximum) will increase to.