Social Security Max 2024 Tax Rate. The wage base or earnings limit for the 6.2% social security tax rises every year. The federal government sets a limit on how much of your income is subject to the social security tax.

For 2024, the social security tax limit is $168,600, and it will increase to $176,100 in. 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.