What Is The 2024 Social Security Tax Limit For Seniors

What Is The 2024 Social Security Tax Limit For Seniors. Social security benefits include monthly retirement, survivor and disability benefits. They don't include supplemental security income payments, which aren't taxable.

However, if your only income is from social security benefits and the amount that you receive is less than $50,000 per year, you don’t typically include these benefits in your gross income. For 2024, the social security tax limit is $168,600 (up from $160,200 in 2023).