2024 Social Security Tax Limit Increase Chart. You file a federal tax return as an individual and your combined income is between $25,000 and $34,000. The individual tax brackets for ordinary income have been adjusted by inflation (table 1):

The 2024 limit is $168,600, up from $160,200 in 2023. The wage base or earnings limit for the 6.2% social security tax rises every year.