Social Security Contribution Limit 2024 Increase. We call this annual limit the contribution and benefit base. Section 215(i)(2)(d) of the act requires that, when we determine an increase in social security benefits, we will publish in the federal register a revision of the range of the pias and.

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. In 2024, only the first $168,600 of your earnings are subject to the social security tax.