Glossary · Financial

Social Security Wage Base

Income cap for Social Security taxes.

Definition

The Social Security wage base ($168,600 in 2024) caps the annual income subject to 6.2% OASDI tax. Earnings above the cap escape this tax.

How SalaryScopePro uses this term

We surface social security wage base across salary results, occupation pages, city pages, and Premium Reports — with consistent definitions and methodology. See methodology and data sources for how the underlying numbers are computed.