Hetty Laraine

Social Security Income Tax Limit 2024 Ny. First, we calculate your adjusted gross income (agi) by taking your total household income and reducing it by certain items such as contributions to your 401 (k). For 2024, the social security tax limit is $168,600.

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 increase of $8,400). New york state income tax rates range from 4% to 10.9% for income earned in 2023.