Max Social Security Tax For 2024. โ 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). The wage base or earnings limit for the 6.2% social security tax rises every year.
(for 2023, the tax limit was $160,200. We call this annual limit the contribution and benefit base.
