Social Security Wage Limit 2024 Explained. The wage base or earnings limit for the 6.2% social security tax rises every year. Learn about the 2024 social security tax wage base increase to $168,600, its impact on taxes, exemptions, and future projections.

Increase in section 80c deduction limit, include it in new tax regime “the section 80c limit was last revised in budget 2014. The social security administration today issued a news release announcing that the social security wage base will rise from $160,200 in 2023 to $168,600 in 2024.