Social Security Tax Limit 2024 Increase Chart

Social Security Tax Limit 2024 Increase Chart. Over the past five years or so, the social security tax limit has increased by an average of about $3,960 a year. But that limit is rising in 2024, which means seniors who are working and collecting.

Over the past five years or so, the social security tax limit has increased by an average of about $3,960 a year. The 2025 limit is $176,100, up from $168,600 in 2024.