2024 Max Social Security Tax By Year
2024 Max Social Security Tax By Year. 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 2023, the limit was $160,200.
The wage base or earnings limit for the 6.2% social security tax rises every year. The maximum social security benefit in 2024 is $3,822 per month at full retirement age.