Jobye Lynette

2024 Social Security Increase Projections Pdf. Those limits change from year to year, but in 2024, the base limit is $22,320, up from $21,240 in 2023. September 11, 2024 / 1:11 pm edt / cbs news.

Employees paid the 6.2% social security tax, with their employer matching that payment, on income of up to $160,200 in 2023. Republicans’ budget proposal calls for modest adjustments to the retirement age to reflect longer life expectancies, though it did not specify how high the.