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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 20 - Employees' Benefits |
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Chapter III - Social Security Administration |
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Part 404 - Federal Old-Age, Survivors and Disability Insurance (1950- ) |
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Subpart K - Employment, Wages, Self-Employment, and Self-Employment Income |
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Wages |
§ 404.1047 - Annual wage limitation.
Latest version.
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§ 404.1047 Annual wage limitation.
Payments made by an employer to you as an employee in a calendar year that are more than the annual wage limitation are not wages. The annual wage limitation is:
Calendar year Wage limitation 1951-54 $3,600 1955-58 4,200 1959-65 4,800 1966-67 6,600 1968-71 7,800 1972 9,000 1973 10,800 1974 13,200 1975 14,100 1976 15,300 1977 16,500 1978 17,700 1979 22,900 1980 25,900 1981 29,700 1982 32,400 1983 35,700 1984 37,800 1985 39,600 1986 42,000 1987 43,800 1988 45,000 1989 48,000 1990 51,300 1991 53,400 1992 55,500 [52 FR 8249, Mar. 17, 1987, as amended at 57 FR 44098, Sept. 24, 1992]