Social Security Limit 2024 Increase. (for 2023, the tax limit was $160,200. In 2024, the social security tax limit rises to $168,600.

The nation’s 72 million social security beneficiaries will get a raise starting in 2024 to keep their benefits aligned with inflation. Washington (ap) — millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this year’s historic boost and reflecting.