Social Security Income Tax Limit 2024. You will pay tax on your social security benefits based on internal revenue service (irs) rules if you: The wage base or earnings limit for the 6.2% social security tax rises every year.
If you file your income tax return as an individual with a total income that’s less than $25,000, you won’t have to pay taxes on your social security benefits. In 2024, the social security tax limit rises to $168,600.