Social Security Max Tax 2024 Income. Social security tax limit (wage base) for 2024. The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600 in 2024 (an increase of $8,400).
In 2024, the maximum amount of earnings on which you must pay social security tax is $168,600. The social security wage base is the maximum gross earnings subject to social security tax that can be imposed on an employee.