Social Security Limit 2024 Salary Increase. That's because the irs adjusts the maximum earnings threshold for social security each year to keep up with inflation. The nation's 72 million social security beneficiaries will get a raise starting in 2024 to keep their benefits aligned with inflation.
Workers who earn less than the limit will pay a 6.2% tax on their earnings. 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 (an.