What Is The 2024 Social Security Tax Limit For Seniors. Tax information for seniors and retirees, including typical sources of income in retirement and special tax rules. In 2024, the wage base limit is $168,600.
In 2024, the wage base limit is $168,600. If you are 50 or older, you can put up to $8,000 into an individual retirement account (ira) for the 2024 tax year.