Social Security Limit 2024 Salary Increase Calculator

Social Security Limit 2024 Salary Increase Calculator. The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600 in 2024 (an. When you calculate how much of your social security benefit is taxable, use the $2,000/month number and multiply that by the number of months to get the annual social.

Benefit estimates depend on your date of birth and on your earnings history. For 2024, it’s $4,873/month for those who retire at age 70 (up from $4,555/month in 2023).