2024 Social Security Tax Limity . Workers earning less than this limit pay a 6.2% tax on their earnings. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024.
For 2024, the social security tax limit is $168,600. We raise this amount yearly to keep pace with increases in average wages.
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Social Security Tax Limit 2024 What is It and Everything You Need to , The maximum earnings subject to social security taxes in 2024 is $168,600, which is up from $160,200 in 2023.