Social Security Tax Contribution Limit 2024. Base for 2024 under the above formula, the base for 2024 shall be the 1994 base of $60,600 multiplied by the ratio of the national average wage index for 2022 to that for. The social security wage base is $168,600 for.

So, if you earned more than $160,200 this last year, you didn’t have to pay the social security. This adjustment is also available to participants in.