Social Security Tax Wage Limit 2024 Calendar. 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. This amount is known as the “maximum taxable earnings” and changes each year.

Up to 50% of your social security benefits are taxable if: Workers earning less than this limit pay a 6.2% tax on their earnings.