Social Security Increase 2024 Bill. The maximum amount of earnings subject to social security payroll taxes was $168,600 for 2024, up from $160,200 in 2023. About 70.6 million social security recipients are expected to receive a smaller cost of living increase for 2025 than in recent years, as inflation has moderated.
The maximum amount of earnings subject to social security payroll taxes was $168,600 for 2024, up from $160,200 in 2023. This provision increases the income and resource limits on qualifying for the highest level of subsidy under the medicare part d extra help program (โfull subsidyโ), and eliminates.
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