What Is The 2024 Social Security Tax Limit For Seniors. For 2024, the social security tax limit is $168,600. The limit on annual earnings subject to social security taxes is referred to as the taxable maximum or the social security tax cap.
The 2024 limit is $168,600, up from $160,200 in 2023. Essentially, if your taxable income is greater than the standard deduction for your filing status, you’ll typically have to file a tax return.