2024 Social Security Tax Limit Increase Chart. The contest begins on september 26, 2024, at 9:00:00 am eastern time (“et”) and ends on october 30, 2024 at 5:00:00 pm et (the “entry period”) which is further divided into. Thus, an individual with wages equal to or larger than $168,600.

 — recently, the social security administration announced that the wage base for computing social security tax will increase to $168,600 for 2024, which is up from.  — for 2024, the social security tax limit is $168,600 (up from $160,200 in 2023).