2024 Social Security Tax Limits

2024 Social Security Tax Limits. 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. Higher earners will owe social security tax on an additional $7,500 of income, increasing their total.

If your social security income is taxable depends on your income from other sources. In 2025, social security’s wage cap is $176,100, up from $168,600 in 2024.