Social Security Income Tax Limit 2024
Social Security Income Tax Limit 2024. Social security will withhold (until fra is attained) $1 of every $2 earned over the 2024 earnings limit of $22,320 ($1,860 per month). Not everyone realizes that the government doesn't charge social security payroll tax on all income earned from a job each year.
If your social security income is taxable depends on your income from other sources. The 2024 limit is $168,600, up from $160,200 in 2023.