Social Security Tax Limit 2024 Increase Over Time. Overall, trump’s platform would slash revenue going to the entitlement program by about $2.3 trillion over a decade, the committee found. For earnings in 2025, this base is $176,100.
Social security will withhold (until fra is attained) $1 of every $2 earned over the 2024 earnings limit of $22,320 ($1,860 per month). This explainer was updated in july 2024.