Social Security Wage Limit 2024

Social Security Wage Limit 2024. The wage base or earnings limit for the 6.2% social security tax rises every year. The absolute maximum social security benefit in 2024 is $4,873 monthly, more than double the estimated average of $1,907 retirees receive across the nation as of january.

Be under full retirement age for all of 2024, you are considered retired in any month that your earnings are $1,860 or less. The maximum social security contribution in 2024 is $10,453.20 ($168,600 x 0.062).