2024 Social Security Tax Limit Increase. You file a federal tax return as an individual and your combined income is between $25,000 and $34,000. The internal revenue service has announced an increase in the social security wage base to $168,600, up from $160,000.

The internal revenue service has announced an increase in the social security wage base to $168,600, up from $160,000. (for 2023, the tax limit was $160,200.