Social Security Wage Limit 2024 Increase. The maximum social security benefit for a worker retiring at full retirement age will increase to $3,822 per month in 2024 from $3,627 in 2023. Currently, that cap sits at $168,600.


Social Security Wage Limit 2024 Increase

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 increase of $8,400). The social security tax limit is set each year.

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