Social Security Wage Limit 2024

Social Security Wage Limit 2024. The social security wage base — the amount of worker pay that is subject to a social security payroll tax — is adjusted each year based the national average wage. Each year, a wage cap is set to determine how much earnings are subject to social security taxes.

(the sga amount increases a bit each year due to federal regulations. The special rule lets us pay a full social security check for any whole month we consider you retired, regardless of your yearly earnings.