2024 Social Security Salary Cap. 11 rows if you are working, there is a limit on the amount of your earnings that is taxed by social security. For 2023, the wage base was $160,200.
Using the “intermediate” projections, the board projects the social security wage base will be $167,700 in 2024 (up from $160,200 this year) and will increase to. This amount is also commonly referred to.