Social Security Tax Wage Limit 2024 Lok. How retirement income is taxed by the irs; โ the internal revenue service has announced an increase in the social security wage base to $168,600, up from $160,000.
So, if you earned more than $160,200 this last year, you didn’t have to. This adjustment means that income earned beyond $168,600 will not be taxed for social security purposes.