Social Security 2024 Tax Limit Over 65 . The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600. You are not required to pay any social security tax on income that goes past the wage base limit, which for 2024 is $168,600, up from $160,200 in 2023.
In addition, most who are eligible for ssi then qualify for health insurance. If you start now, you can make plans to reduce your 2024 tax bill.
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